BOJ index shows more Japan firms passing on wage costs in services prices

19 Jun 2024 17:00 | JHRS (Administrator)

TOKYO, June 18 (Reuters) - The price Japanese companies charge each other for services with high labour costs rose 2.8% in April from a year earlier, the fastest increase in nearly four years, central bank data showed on Tuesday.

The data highlights how prospects of steady wage increases are prompting more companies to charge more for their services, a trend the Bank of Japan (BOJ) sees as a prerequisite to raise interest rates from current near-zero levels.

Source: https://www.reuters.com


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