Daiwa Securities economist Yutaro Suzuki says Japanese producer prices are likely to rise more than 5% YoY and that oil and petroleum-product prices could remain elevated for a period. Bank of Japan data showed the June corporate goods price index (CGPI) up 7.1% YoY. Suzuki warned renewed Middle East tensions pose upside risk to oil, but said he expects oil to decline gradually over the long run and for the CGPI to moderate modestly before year-end.

2026-07-10

Daiwa Securities economist Yutaro Suzuki says Japanese producer prices are likely to rise more than 5% YoY and that oil and petroleum-product prices could remain elevated for a period. Bank of Japan data showed the June corporate goods price index (CGPI) up 7.1% YoY. Suzuki warned renewed Middle East tensions pose upside risk to oil, but said he expects oil to decline gradually over the long run and for the CGPI to moderate modestly before year-end.