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China slowdown hits Japan wholesale prices

Low raw material costs will add to woes of BOJ as it strives to achieve 2% inflation target

NOT BUYING BANK FORECAST: Consumer inflation in Japan will hit its 2 per cent target sometime by September next year as the economy recovers, says the BOJ, but many analysts doubt prices will rise so quickly.


JAPANESE wholesale prices fell 2.4 per cent in the year to June to mark the third straight month of declines, data showed on Friday, as soft demand in China drove down commodities markets.

While declines in raw material costs benefit Japanese manufacturers, they will keep