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Japan producer prices rise for 2nd straight month

May 17, 2021 (NHK) - Japan's producer prices have risen for a second straight month, echoing what's been happening worldwide as economies reopen from the pandemic and crude oil prices climb.

The Bank of Japan said in its preliminary report that the producer price index was up 3.6 percent last month from a year earlier. That is the biggest spike since September 2014.

Higher crude prices pushed up petroleum, coal and chemical products. That suggests there is optimism for an economic recovery as the coronavirus vaccine programs progress.

Rising automobile production also boosted the prices of iron, steel and non-ferrous metals.

Bank of Japan officials say external demand is driving up prices, but the outlook for oil and other products remain highly uncertain because of the surge of infections in India and elsewhere.

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Japan’s World Cup campaign ended in the cruelest possible fashion on June 29, as Gabriel Martinelli scored in the fifth minute of stoppage time to give Brazil a 2-1 victory over the Samurai Blue in their knockout match in Houston. Japan had led in the first half and were still level at 1-1 in the final moments, but Martinelli’s late strike sent Brazil into the Round of 16 and eliminated Japan from the tournament.

Strong earthquakes have continued to shake parts of Japan in recent weeks, with 11 temblors measuring lower 5 or above on the Japanese seismic intensity scale recorded across the country since April 2026.

A Kintetsu Railway train derailed inside Kyoto Station on the morning of June 29, forcing partial suspensions on the Kintetsu Kyoto Line for the rest of the day and causing long delays that hit commuters, students and tourists.

A section of stone wall at Hikone Castle, one of Japan’s few surviving original Edo-period castles and a National Treasure whose main keep remains intact more than 400 years after its construction, collapsed after heavy rain caused by Typhoons No. 7 and No. 8, Hikone city officials said.

Japan advanced to the knockout stage of the World Cup after a 1-1 draw with Sweden on June 25, finishing second in Group F and setting up a Round of 32 clash with Brazil in Houston.

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