According to data released by the Bank of Japan on Monday, Japan's service producer price index rose 3.2% year on year in June. Inflationary pressure continued to spread, and expectations for further interest rate hikes in the market were maintained as a result. The index reflects the pricing of transactions between companies providing mutual services. The year-on-year increase was 3.4% after the May revision, and the increase declined somewhat in June. According to the data, the continued rise in transportation costs is the core factor driving the upward trend of the index. Transportation service prices rose 5.3% year on year in June. The Middle East conflict has disrupted the supply chain, compounded by rising fuel prices, and high shipping and air freight rates, which have boosted this cost.

According to data released by the Bank of Japan on Monday, Japan's service producer price index rose 3.2% year on year in June. Inflationary pressure continued to spread, and expectations for further interest rate hikes in the market were maintained as a result. The index reflects the pricing of transactions between companies providing mutual services. The year-on-year increase was 3.4% after the May revision, and the increase declined somewhat in June. According to the data, the continued rise in transportation costs is the core factor driving the upward trend of the index. Transportation service prices rose 5.3% year on year in June. The Middle East conflict has disrupted the supply chain, compounded by rising fuel prices, and high shipping and air freight rates, which have boosted this cost.