• Kyodo

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Wholesale prices in Japan jumped 9.2% in June from a year earlier after import prices surged at the fastest pace on record due to the sharp drop in the yen, Bank of Japan data showed Tuesday.

Japan has seen the prices of goods traded between companies rise by 9% or more for the past six months, providing evidence that inflationary pressures are persisting as Russia's war in Ukraine sends energy, raw material and food prices sharply higher.

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