Japan April wholesale inflation steady as weak yen boosts import costs

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Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestTOKYO - Japan's wholesale prices rose 0.9% in April from a year earlier, steady from the previous month as the yen's decline pushed up import costs, central bank data showed on Tuesday.

The rise in the corporate goods price index , which measures the price companies charge each other for their goods and services, compared with the median market forecast for a 0.8% gain and followed a 0.9% increase in March.The yen-based import goods price index jumped 6.4% in April from a year earlier after a 1.4% increase in March, reflecting the currency's recent sharp declines, the data showed.

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