日本8月服务业PPI同比升2.7% 入境旅游推升酒店价格

Core Viewpoint - The Bank of Japan reported an increase in the Producer Price Index (PPI) for the service sector, indicating ongoing inflationary pressures in the economy [1] Group 1: Economic Indicators - In August, Japan's service sector PPI rose by 2.7% year-on-year, up from a revised 2.6% in July [1] - Hotel prices surged by 7.6% year-on-year in August, significantly higher than the 5.4% increase in July, reflecting robust inbound tourism demand [1] Group 2: Monetary Policy - The Bank of Japan plans to end its decade-long large-scale monetary stimulus by 2024 and intends to raise the short-term policy interest rate to 0.5% in January 2025 [1] - The central bank's decision is based on the expectation of achieving a long-term inflation target of 2% in Japan [1] Group 3: Inflation Trends - Japan's consumer inflation rate has exceeded 2% for three consecutive years [1] - The Bank of Japan is prepared to further increase borrowing costs if the economy continues to recover moderately, with rising labor costs supporting the inflation target [1]