BOJ Expected to Signal More Rate Hikes Amid Building Price Pressures

The Bank of Japan is expected to signal further rate hikes as price pressures build in Japan. According to recent data, Japan's Corporate Service Price Index rose 3.2% year on year in June, easing from a 3.3% increase in the previous reading.

This marginal slowdown suggests slightly cooler price pressures in services provided between companies, remaining firmly above zero.

The Services Producer Price Index (All items) also rose 3.2 percent from the previous year, while the Services Producer Price Index (All items ) increased by 2.8 percent.