Japan's wholesale inflation spikes on energy shock, bolsters case for June rate hike
Orientul Mijlociu
TOKYO, May 15 : Japan's wholesale inflation accelerated in April at the fastest pace in three years as the Iran war boosted oil and chemical goods prices, data showed on Friday, bolstering the case for the central bank to raise interest rates as soon as June. The data came after a Bank of Japan (BOJ) policymaker called for raising rates "at the earliest stage possible" as soaring fuel costs from the Middle East war stoked price pressures. A lagging central bank and looming fiscal stimulus risk
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