TOKYO — Japan’s business-to-business service prices rose 2.3% in October from a year earlier, central bank data showed on Monday.
The year-on-year increase in the services producer price index accelerated from a revised 2.0% gain in September, Bank of Japan (BOJ) data showed.
Developments in services prices are closely watched by the BOJ for clues on whether cost-push inflation would be replaced by a more demand-driven rise in prices and keep inflation sustainably around its 2% target. — Reuters
