Japan June Producer Prices Up 3.0% Y/Y As Expected After 2.9% Rise in June; Utility Subsidies End, Global Demand for Lumber, Steel Picks Up Amid Rising Concerns Over Chinese Recovery
–Import Costs High as Yen Stayed Weak Before Firming on Stealth MOF Intervention at End-July, Fears of Faster BOJ Rate Hikes—Producer Inflation Remains Below Recent Peak of 10.6% in December 2022–Producer Prices Up 0.3% M/M on Utilities, Farm Produce, Summer Beverages, Cars By Max Sato (MaceNews) – Producer inflation in Japan continued accelerating to 3.0% […]