• Bloomberg

  • SHARE

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.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW