top of page
  • NEWS Desk Global

JAPAN'S CORPORATE SERVICE INFLATION STEADY AT NEARLY 9-YEAR HIGH IN DECEMBER




Japan's annual business-to-business service inflation hit 2.4% in December, suggesting companies were gradually passing on rising labour costs amid prospects for sustained wage gains.

The Bank of Japan's view that rising service prices will replace cost-push inflation as a key driver of price gains, so that it can help achieve its 2% inflation target on a sustainable basis. The November increase was the fastest pace of rise since March 2015.

4 views0 comments

Comments


bottom of page