The data highlights how prospects of steady wage increases are prompting more companies to charge more for their services, a trend the Bank of Japan (BoJ) sees as a prerequisite to raise interest rates from current near-zero levels.
The index, which measures business-to-business prices for services with a high labor-cost ratio, hit 106.4 in April, the highest level since comparable data became available in 1985.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.