Japan's Corporate Goods Inflation Rises 7.1% Year-on-Year in October

Japan's corporate goods inflation accelerated to 7.1% year-on-year in October. Economists at Sumitomo Mitsui Trust Bank pointed out that additional transportation and insurance costs resulting from a shift to alternative oil procurement channels may keep import costs elevated in the short term, thereby supporting corporate inflation. Although future import costs may decline, corporate inflation may only moderate slightly as Japanese companies become more proactive in passing on rising costs. The crude oil futures market anticipates that the increase in import prices may gradually slow down and turn to negative year-on-year growth in the second half of fiscal year 2027.

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