Japan Wholesale Inflation Holds Steady, Yen Falls Add Pressure on BOJ

Japan's wholesale inflation held steady in September and most households expect prices to keep rising a year from now, data showed on Friday, an indication price pressures could keep the central bank on course to raise interest rates.

The yen's recent sharp falls, triggered by receding market bets of a near-term rate hike by the Bank of Japan, could also drive up inflation by causing a renewed increase in import costs, some analysts say.

Persistent inflation would add to headaches for Japan's new ruling party chief Sanae Takaichi, who has pledged to curb rising living costs upon becoming next prime minister...

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