Japan's wholesale prices rise 9.0% in Nov., sharpest rise on record

Wholesale prices in Japan jumped 9.0 percent in November from a year earlier, marking the steepest gain on record, boosted by higher energy costs and a weak yen, Bank of Japan data showed Friday.The prices of goods traded between companies gained for the ninth straight month, underscoring continued commodity inflation at a time of weak consumer demand after the economy took a hit from the COVID-19 pandemic.The 9.0 percent year-on-year rise is the sharpest since comparable data became available in January 1981, following a revised 8.3 percent increase in October, the BOJ said.Recent higher w…READ FULL ARTICLE