• Kyodo

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Wholesale prices rose 1.7 percent in November from the previous year, stretching the uptrend to a 14th consecutive month on the back of rising oil prices, the Bank of Japan said Monday.

The prices, measured in the central bank’s corporate goods price index, also grew 0.1 percent on a month-to-month basis for the first rise in four months, but a BOJ official said a “bearish” tone is expected for a while amid the slowdown in overseas economies and global commodity markets.

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