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Japan's Feb wholesale prices rise faster than expected

From nasdaq.com

Japan's wholesale prices rose a faster-than-expected 0.6% in February year-on-year, central bank data showed on Tuesday, accelerating from the previous month as persistent cost pressures fanned inflation and squeezed households. The Corporate Goods Price index (CGPI) measures the prices companies charge each other for items before they are processed and made into consumer goods and services and is closely watched by the Bank of Japan. The CGPI comes a day before annual labour-management talks wrap up, in which big firms are expected to offer employees hefty wage hikes, a prerequisite for achieving the BOJ's 2% ... (full story)

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  • Category: Fundamental Analysis