Japan's wholesale prices fall 0.1% in July

14:24, August 11, 2010      

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Japanese wholesale prices fell 0.1 percent in July from a month earlier, the Bank of Japan (BOJ) said in a preliminary report on Wednesday.

July's figure was lower than the median expectation of economists for a flat reading following a revised 0.4 percent decline in June.

The index measuring corporate goods prices in Japan also declined 0.1 percent on year, slightly more than economists' predictions, following a 0.4 percent retreat a month earlier.

The central bank reported that export prices fell 2.2 percent in the recording month and those of imports declines 2.7 percent from a month earlier.

Although emerging economies continue to boost to demand for Japan's raw materials, increasing prices for Japanese companies continues to be an issue as raised costs are hard to be met by domestic corporate consumers amid lingering deflation.

The country's benchmark wholesale price measure marks a downturn from June's 0.5 percent gain on year as inflation continues to hamper the pace of Japan's economic recovery and growth.



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