Japan wholesale inflation jumps to 7.1 percent
Japanese annual wholesale price inflation jumped to 7.1 percent in July, a 27-year high and well above expectations, adding to fears that high energy and commodity costs are squeezing firms and pushing the economy into recession.
JAPANESE wholesale prices in March fell by 2.2 per cent from a year earlier for the third straight month of declines, data showed on Monday amid growing concerns over deflation.