Japan's Inflation Surges Amid Iran War and Rising Import Costs
Japan experienced its steepest wholesale inflation surge in nearly three years in April, driven by soaring oil prices linked to the Iran war. The Bank of Japan reported a 4.9% annual rise in the Corporate Goods Price Index, fueled by higher import costs, chemical imports, transportation expenses, and a weakening yen, raising concerns about imported inflation and financial instability.
The Eastern Herald·


