Japan wholesale prices seen rising under cost-push inflation pressure: Reuters poll
TOKYO - Japan's wholesale prices likely accelerated in June, a Reuters poll showed on Friday, reflecting a mix of a weak yen, higher commodity import bills and rising transportation costs piling up cost-push inflation pressures on the trade-reliant economy.
Japan's corporate goods price index , a gauge of prices that firms charge each other, likely rose 2.9% in June from a year earlier, and accelerated from the prior month's 2.4%, the poll of 17 economists showed. Restrictions on logistics caused by the Middle East crisis and domestic curbs on working hours for truck drivers are also driving up the costs of transportation, Minami said.
The Bank of Japan will release the CGPI data at 8:50 a.m. on July 10 . The machinery orders data, a volatile data series that serves as a leading indicator of capital spending for the coming six to nine months, is due on 8:50 a.m. on July 11 .
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