Japan's wholesale inflation hits 13-year peak as corporate profits squeeze - NewsBreak

On Tuesday, data from BoJ (Bank of Japan) had unmasked that the world's third-largest economy's wholesale inflation had surged to a whacking 13-year peak in September as a sharp increase in global commodity prices coupled with a much softer Japanese Yen had soared import expenses, eventually squeezing corporate profit margins in a near term outlook while stoking frets of an unprecedented increase in consumer prices.