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Tokyo Pays More for Imported Wood Amid Strong Yen

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JPY
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The Bank of Japan's Corporate Goods Price Index revealed that Tokyo paid more for imported wood in August, with prices rising by 10.3% in yen compared to the same period last year.

This increase was not due to higher prices from abroad but rather a stronger yen, which added value to the imports.

The price of domestic wood also rose, albeit at a slower rate of 8.4%, while imported wood costs have decreased since July.

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