Japan’s corporate goods price index slowed slightly to 5.5% yoy in August. But it was close to July’s 5.6% yoy, which was the highest reading since September 2008. Also, at 105.8, the index marked the highest level since 1982.
Shigeru Shimizu, head of the BoJ’s price statistics division, said, “as the global economy continues to recover thanks to progress in vaccinations, domestic wholesale inflation will remain under upward pressure, though there’s uncertainty over the outlook due to a resurgence in infections.”
