JAPAN’S WHOLESALE PRICES ROSE BY 4.9 PERCENT IN MAY

Highlights –

• Japan’s wholesale prices rose by 4.9 percent in May.
• In April, wholesale prices increased 3.8 percent.
• Wholesale prices of petroleum and coal products surged 53.5 percent from a year earlier.
• Electricity, city gas and water bills fell 3.9 percent.

Bank of Japan data on Thursday reported the country’s wholesale prices to rise 4.9....