Japan's corporate goods price index rose 7.1% year-on-year in October, exceeding expectations.

Japan's corporate goods price index rose 7.1% year-on-year in October, up from 6.8% in the previous month, and 0.7% month-on-month, marking the fastest growth since May. This data supports a December rate hike by the Bank of Japan, with current market pricing indicating an 82% probability of a rate hike next. (Source: Jinshi Data)