LONDON (ShareCast) - Wholesale prices in Japan for June fell at their fastest pace since records began in 1960, raising fears about deflation.
The Bank of Japan data showed that the cost of goods sold between firms fell a larger than expected
6.6% from a year earlier.
The falls in oil prices and raw materials hit wholesale prices but final goods prices were also lower.
From May, the index is down 0.3%. Export prices down 12.8% on year in June, while import prices are 32.2% lower.
The Bank of Japan is due to hold a policy meeting next week and is likely to keep its cautious stance on the economy.
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