Japan wholesale inflation posts record 10% in April on war, yen fall

Wholesale prices in Japan surged 10.0 percent in April from a year earlier, marking the sharpest gain on record, amid surging energy and raw-material costs following Russia's invasion of Ukraine and the yen's steep fall, Bank of Japan data showed Monday.The prices of goods traded between companies increased for the 14th straight month, in fresh evidence of inflationary pressures in Japan, reinforcing the view that consumer inflation will further accelerate in the coming months.The 10.0 percent gain was the fastest since comparable data became available in 1981.Surging energy and raw-materia…READ FULL ARTICLE