Japan’s services inflation split complicates the BOJ outlook before Friday’s decision

Freight pushed Japan’s services producer 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. The potential crypto risk runs through yen borrowing costs and the currency’s response to the BOJ’s outlook. 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%. Ocean freight added 0.2 percentage points to the change in annual inflation, matching the overall net 0.2-point acceleration at published precision.

Source: CryptoSlate