Bank of Japan flags broadening inflation pressures
BOJ says higher raw-material cost-driven price rises are spreading to consumer goods, with some firms hiking prices more frequently than in the past.
The Bank of Japan said on Thursday that price increases tied to higher raw material costs are spreading to consumer goods, with some firms raising prices more often than they did in the past, underscoring its concern about broadening inflationary pressure. The central bank also gave an upbeat assessment.