BOJ official: Rising commodity prices pushing up a broad range of wholesale prices
|Responding to the strong Japanese factory gate prices, a Bank of Japan (BOJ) official said that a 4.9% rise YoY is the largest rise since September of 2008.
Additional quotes
“Rising commodity prices are reflecting the global economic recovery.”
“Pushing up a broad range of wholesale prices in Japan.”
“Companies are passing along rising costs, driven more by external factors than demand.”
Market reaction
USD/JPY is easing towards 109.50, down 0.05% on the day, as weakness in the US Treasury yields weighs. Focus shifts to the US CPI release.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.