Japan wholesale prices mark 1st fall in 4 years amid pandemic

Wholesale prices in Japan fell 1.2 percent in 2020, marking the first drop in four years as the global coronavirus pandemic sent commodity prices sharply lower and hurt economic activity, data from the Bank of Japan showed Thursday. The prices of goods traded between companies also affect consumer prices and the latest figure underscores the formidable challenge faced by the Japanese central bank in attaining its 2 percent inflation target. Japan has been struggling to rein in coronavirus infections in recent months, prompting Prime Minister Yoshihide Suga to declare a state of emergency for 1…

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