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RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
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BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
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Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Japan’s annual wholesale inflation slowed for the third straight month in June, reinforcing the Bank of Japan’s (BOJ) expectation that inflationary pressures from rising raw material costs are easing. According to BOJ data released Thursday, the corporate goods price index (CGPI) rose 2.9% year-over-year in June, aligning with market forecasts and down from May’s revised 3.3% increase.
The CGPI tracks prices companies charge each other for goods and services, serving as a key indicator of upstream inflation. The ongoing deceleration suggests that the cost-push inflation driven by higher global commodity prices and yen depreciation is beginning to subside.
Further supporting this trend, the yen-based import price index fell 12.3% in June from a year earlier, deepening from May’s 10.3% decline. The data points to a stronger yen reducing the cost of imported raw materials, helping ease wholesale price pressures.
This cooling in wholesale inflation may ease concerns about persistent input cost-driven inflation and supports the BOJ’s cautious stance on policy normalization. While Japan’s inflation remains above the central bank’s 2% target in some sectors, the CGPI trend indicates less urgency for aggressive tightening.
Market watchers will continue monitoring yen movements, energy prices, and corporate pass-through behavior to gauge inflation's path in the coming months. The slowdown in input costs could provide relief for manufacturers and signal stabilizing price dynamics in the broader economy.
The report comes amid ongoing global inflationary concerns, positioning Japan as a unique case where deflationary pressures and a cautious central bank still shape the outlook. As Japan navigates its economic recovery, wholesale price trends remain a vital metric for policymakers and investors tracking inflation momentum.
