Japan's corporate service prices rise 3% in April
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TOKYO, May 27 : A key gauge of Japan's service-sector inflation rose 3.0 per cent in April from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers. The Bank of Japan has stressed the need to see inflation durably hit its 2 per cent target driven by rising wages and services prices, rather than higher raw material costs, to proceed with further interest rate hikes. The increase in the
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