- Japan's services producer price index — the prices companies charge each other for services — rose 3.7% year over year in August, up from 3.6% in July and the fastest pace since June 2024, per Bank of Japan data.
- The August increase reflected rising freight, advertising and rental lease costs, pointing to broad-based price pressures in Japan's service sector rather than a single input spike.
- The data keeps the BOJ on track for further interest rate hikes, extending the exit from its ultra-loose policy stance.
引述
“data showed on Monday, highlighting mounting price pressures that will keep the central bank”