Wholesale prices in Japan jumped a record 9.7 percent in 2022 from a year ago after December became another month of double-digit growth, as higher import costs kept up inflationary pressures and squeezed corporate profits, the Bank of Japan said Monday.The annual gain in wholesale prices was the biggest since comparable data became available in 1981 and twice as fast as in 2021 when a 4.6 percent increase was reported. In December alone, the price of goods traded between companies surged 10.2 percent, topping 10 percent for the second time in 2022 and marking the second-largest gain on rec…READ FULL ARTICLE
