Japan saw the prices companies charge each other for services rise for the fourth straight month in June, data showed on Tuesday, a sign the economy is gradually emerging from the hit from the coronavirus pandemic.
The services producer price index rose 1.4per cent in June from a year earlier after a 1.5per cent gain in May, reflecting a rebound in advertising fees and rent from last year's slump caused by the pandemic, Bank of Japan data showed.The increase was also driven by a 1.3per cent rise in transportation fees as international freight prices continued to increase, highlighting the cost pressure companies are facing as economies across the globe re-open.
While there will likely be some advertisement demand related to the Tokyo Olympic and Paralympic Games in coming months, it could be modest compared with past Games, he said.
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