Japan PMI Shows Sharp Cost Pressures as Rate-Hike Case Builds

Dow Jones
2 hours ago

0408 GMT - Cost pressures remain a key area of concern for Japanese firms, S&P Global PMI data show, sending another signal that the inflationary backdrop looks conducive to monetary tightening. Input costs are continuing to rise sharply across manufacturing and services, despite inflation easing from recent peaks, says Annabel Fiddes at S&P Global Market Intelligence. The war in the Middle East and associated supply disruptions, plus yen weakness, drove the upturn in expenses. The sharp cost pressures in August led to the quickest jump in selling prices for goods and services since the composite data series began nearly two decades ago, Fiddes says. "This indicates that official inflation could rise further in the coming months and, alongside stronger growth, strengthens the case for another Bank of Japan interest-rate hike."

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10