Japan January wholesale prices rise 9.5 pct yr/yr
TOKYO :Japan's wholesale prices in January rose 9.5 per cent from a year earlier, data showed on Friday, adding to growing signs of inflationary strains that could keep the central bank under pressure to phase out its massive stimulus programme.
The increase in the corporate goods price index , which measures the price companies charge each other for their goods and services, largely met a median market forecast for a 9.6 per cent gain. The index, at 119.8, matched a record high hit in December, Bank of Japan data showed. "Firms have yet to fully pass on past rises in input costs, which is keeping inflationary pressure high," said Takeshi Minami, chief economist at Norinchukin Research Institute.
BOJ Governor Haruhiko Kuroda on Friday stuck to his view the recent spike in consumer inflation was largely due to surging import prices, and expects a moderation later this year.
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