Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
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.
