Business | Oct 13

Japan's producer prices rise for 19th straight month

TOKYO, Oct 13 (NHK) - Producer prices in Japan rose for a 19th straight month in September, driven up by higher energy and material costs and a rapidly weakening yen.

The Bank of Japan said on Thursday that the cost of goods traded among companies increased 9.7 percent last month from a year earlier.

More than 80 percent of the 515 items covered by the survey were more expensive. That suggests companies are passing on higher procurement costs in the prices of their products and services.

Prices increased for electricity, steel and farm products.

The cost of imported items surged by 48 percent year-on-year in yen terms, as the Japanese currency continued to slide against the dollar. ...continue reading

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