Green Asia

Japan corporate service prices rise 2.1% yr/yr

TOKYO : Japan’s business-to-business service prices rose 2.1 per cent in August from a year earlier, accelerating from a 1.7 per cent year-on-year gain in July, central bank data showed on Tuesday.

The Bank of Japan is closely watching service price movements to see whether inflationary pressure is broadening in the economy to warrant phasing out its massive stimulus.

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