Japans wholesale inflation stayed elevated in July, with producer prices rising 7.2% year-on-year, reinforcing expectations of a September Bank of Japan rate hike. Broad-based cost pressures, higher import prices and yen weakness are raising inflation risks, while stronger metal and raw-material costs could further pressure consumer prices and accelerate monetary tightening.

The case for a Bank of Japan rate hike as soon as September has strengthened, with several policymakers signalling support for a faster pace of monetary tightening. Rising…

Japanese government bond yields rose on Wednesday as markets increasingly priced in a September Bank of Japan rate hike. The benchmark 10-year yield climbed to 2.85%, while the…