• Bloomberg


Wholesale prices in May rose at their fastest pace in 27 years, signaling soaring energy costs may erode corporate profits and bring an end to the economy’s longest postwar expansion, the Bank of Japan said Wednesday.

Producer-price inflation accelerated to 4.7 percent from 3.9 percent in April, the BOJ said. The current-account surplus shrank 30 percent in April as record oil costs added to the nation’s import bill.

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