Japan’s wholesale inflation stays near record


TOKYO: Japan’s wholesale inflation remained near record-high levels in March, as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data show, adding strains to the resource-poor economy heavily reliant on imports.

While rising wholesale prices will help accelerate consumer inflation toward the central bank’s elusive 2% target, it could hurt an economy still reeling from the coronavirus pandemic, analysts said.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

EG Industries bags US$547mil purchase order from key customer
S P Setia celebrates 50 years with renewed commitments�
CIMB Thai records 1H net profit of THB1.29bil
FBM KLCI stays firm amid volatile regional sentiment
Malaysia's GDP expanded 5.8% in 2Q - advance estimate
Meta eyes stake in maker of Ray-Ban in smart glasses push
Gamuda shares rise on news of Perth rail project
TSMC shares fall nearly 2% even after raising 2024 revenue forecast
Ringgit rebounds slightly against US$ ahead of 2Q GDP estimates
FBM KLCI to defend 1,630 amid mounting volatility

Others Also Read