Japan's wholesale inflation slows, relieves interest rate-hike pressure

From channelnewsasia.com

Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank's view that price pressure from rising raw material costs will gradually dissipate. While food prices continued to rise steadily, some analysts said they expect inflationary pressure to moderate in coming months as pain from U.S. tariffs on Japan's economy intensifies. "As wholesale inflation slows, consumer inflation will likely face stronger downward pressure with some lag," said Masato Koike, senior economist at Sompo Institute Plus. "Japan's trade talks ... (full story)