TOKYO : Japan's wholesale prices spiked 9.0per cent in November from a year earlier, data showed on Friday, in a sign supply bottlenecks and rising raw material costs continue to squeeze corporate profits.
The rising cost pressures, coupled with a weak yen that inflates the price of imported goods, adds to pain for the world's third-largest economy as it emerges from the consumer slump caused by the pandemic. The year-on-year rise in the corporate goods price index , which measures the prices companies charge each other for their goods and services, was higher than a median market forecast for an 8.5per cent gain. It exceeded October's revised 8.3per cent increase, Bank of Japan data showed.
Domestic final goods prices, which loosely track the consumer price index, rose 2.7per cent from a year earlier, the data showed. While Japan has not been immune to the impact of rising commodity inflation, firms have so far been cautious about passing on higher costs to consumers on concern cost-sensitive households may hold back on spending.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan service sector sentiment improves in Nov as COVID-19 cases easeTOKYO : Japan's service sector sentiment index rose 0.8 point to 56.3 in November to mark the third straight month of increase, a Cabinet Office survey showed on Wednesday, as COVID-19 cases remained low and face-to-face services saw consumers returning.The index, which hit the highest level in nearly eig
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's Nov new yuan loans seen rebounding as stance shifts to easingBEIJING : China's new yuan loans are expected to rebound in November from the previous month as the central bank seeks to bolster slowing growth in the world's second-biggest economy.Chinese banks are estimated to have issued 1.56 trillion yuan (US$245.90 billion) in net new yuan loans last month, up fro
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's factory gate inflation slows in NovBEIJING : China's factory-gate inflation slowed in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing's efforts to bolster the faltering economy.The increase in the producer price index was slower than a 13.5per cent gain in October but faster t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China Nov new bank loans rise to 1.27 trln yuan, but below forecastBEIJING : Chinese banks extended 1.27 trillion yuan (US$200.19 billion) in new yuan loans in November, up from October but falling short of analysts' expectations.Analysts polled by Reuters had predicted new yuan loans would rise to 1.56 trillion yuan in November from 826.2 billion yuan the previous month 借了錢不用還了？
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
15-year-old girl found after going missing on Nov 29: PoliceSINGAPORE: A 15-year-old girl who had been missing for more than a week has been found, said the police in an update on Wednesday (Dec 8). Police issued an appeal for inform Y nowaday.....so many missing girls.....wonder wat they r up to.....hopefully nothing untoward ya. Standard bgr The authority have to do something to make those who influence the young to go missing, or punish those who keep the missing girl.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Toyota to halt production at 2 Japan factories due to supply shortage -JijiTOKYO : Japanese automaker Toyota Motor Corp will halt production at two domestic factories in Japan due to a supply shortage, news agency Jiji reported on Thursday. (Reporting by Sakura Murakami; Editing by Jacqueline Wong)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »