Japan Wholesale Inflation Remains Elevated, Keeping BOJ Rate Hike in Play

Japan's wholesale inflation cooled to 6.8% but remained elevated, keeping alive expectations of a Bank of Japan interest rate hike.

Wholesale inflation in Japan remained elevated even as it cooled to a rate of 6.8%, news agency Reuters and BigGo Finance reported. The published data keeps alive expectations that the Bank of Japan (BOJ) may raise interest rates once again.

According to reports by Reuters and radio station WKZO, ongoing price pressures keep the option of further monetary tightening firmly on the table for policymakers. However, further details regarding the timing of the central bank's next moves have not yet been released.