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Yomiuri Shimbun file photo Buildings in Tokyo are seen with Mt. Fuji in the background in March 2021.
Reuters
11:22 JST, June 25, 2024
TOKYO (Reuters) – The price Japanese companies charge each other for services rose 2.5% in May from a year earlier, data showed on Tuesday, a sign prospects of steady wage increases are prompting more companies to pass on higher labor costs.
The year-on-year increase, however, slowed from the previous month’s 2.7% gain, Bank of Japan (BOJ) data showed.
An index measuring the price companies charge each other for services with high labor costs rose 2.5% in May from a year earlier, unchanged from April, the data showed.
