Japan's Corporate Goods Prices Rise 7.1% Year-over-Year in June; Producer Prices Forecast to Exceed 5%

According to Daiwa Securities economist Suzuki Yutaro, Japan's corporate goods prices rose 7.1% year-over-year in June, as announced by the Bank of Japan on July 10. Suzuki forecasts that producer prices will exceed 5% year-over-year gains, with crude oil and petroleum product prices expected to remain elevated in the near term amid Middle East tensions.
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