Japan’s input inflation slows below 2% for first time since 2021

File pic - Reuters

TOKYO: The pace of gains in Japan’s producer prices decelerated more than expected in October to the weakest in over two years, supporting the Bank of Japan’s (BoJ) view that inflation is cooling.

A measure of input prices for Japanese firms rose 0.8% from a year earlier, the slowest pace of growth since gains resumed in March 2021, the BoJ reported.