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Japan Services Producer Price Inflation Rises to 3.7%
Japan’s services producer price inflation rose to 3.7% in September, according to BOJ data. Excluding international transport, it held at 2.9%. Labor-sensitive price growth eased to 2.6% from 2.7%. The BOJ’s preliminary October 27 release put annual inflation in its Services Producer Price Index (SPPI) at 3.7%, up from August’s revised 3.5%. Freight pushed the inflation higher in September while price growth in labor-intensive services slowed, complicating the policy signal for Bitcoin investors watching Friday’s Bank of Japan decision.