Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
- Posted on November 13, 2024
- By Business News Today
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Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
Japan's wholesale inflation increased to 3.4% in October, exceeding market expectations, due to a weaker yen and rising import costs. The rise in inflation, driven by higher prices for rice, metals, food, and oil, poses a challenge for the Bank of Japan as it considers further interest rate hikes.
