JAPANS INFLATION PROBLEM IS GETTING WORSE
Producer prices rose 7.1% year on year in October up from 6.8% in September
Import prices jumped 24.8% in yen terms
Businesses either absorb those higher costs and take a hit to profits or pass them on to customers
Neither is great for a market counting on inflation cooling and interest rates coming down
Producer prices rose 7.1% year on year in October up from 6.8% in September
Import prices jumped 24.8% in yen terms
Businesses either absorb those higher costs and take a hit to profits or pass them on to customers
Neither is great for a market counting on inflation cooling and interest rates coming down
