(Bloomberg) -- Inflation as measured by Japan’s producer prices slowed for the first time in eight months as the cost of energy-related items fell. Most Read...
-- Inflation as measured by Japan’s producer prices slowed for the first time in eight months as the cost of energy-related items fell.The measure of input prices for Japanese firms gained 2.5% from a year earlier in August, the Bank of Japan reported Thursday. The result missed economists’ expectations of a 2.8% gain. From the prior month, prices dropped by 0.2%, the first decline in 10 months.
The slowdown in producer inflation comes as economists largely expect the BOJ to keep its policy interest rate unchanged next week. Central bank officials see little need to raise the rate as they’re still monitoring lingering volatility in financial markets and the impact of the July hike, according to people familiar with the matter.
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