Japan's September corporate services prices rise 3.7% year over year
TLT•Japan's services producer price index rose 3.7% in September from a year earlier, up from a revised 3.5% gain in August. The Bank of Japan is expected to hold rates at 1.25% this week while signaling readiness for further hikes.
1. Service prices climb
Japan's services producer price index rose 3.7% in September from a year earlier, following a revised 3.5% increase in August, Bank of Japan data showed.
2. Rate outlook
The gauge tracks prices companies charge each other for services and is watched by the BOJ for clues on whether businesses are passing rising labour costs on to customers. The BOJ is set to keep interest rates steady at 1.25% at a meeting concluding Friday, while signaling it remains ready to raise borrowing costs further as price pressures mount.
