Japan's wholesale inflation eases in May
Wholesale inflation in Japan eased in May, mainly due to lower crude oil prices.
The Bank of Japan's preliminary Producer Price Index rose 3.2 percent last month from a year earlier, slowing from the 4.1 percent increase logged in April.
The cost of goods traded between companies gained on the back of higher prices of farmed products such as rice and chicken in the month.
Meanwhile, the import price index declined 10.3 percent year-on-year in yen terms, due to a drop in crude oil prices.
The central bank has said it will keep a close watch on changes in demand trends amid concern over the Trump administration's tariff measures and a possible global economic slowdown.
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