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Japan’s wholesale costs leap 9% in Aug. as weak yen lifts import prices

Wholesale costs in Japan climbed 9.0 % in August from a 12 months earlier because the yen’s tumble in opposition to the U.S. dollar and different main currencies boosted import prices, Bank of Japan information confirmed Tuesday.

It marked the 18th straight month of improve, lifting the company items value index to 115.1 in opposition to the 2020 base of 100, renewing a document excessive, based on the central financial institution.

Import costs in yen phrases grew 42.5 %, the fifth consecutive month that the margin of improve has surpassed 40 %.
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