Japan's wholesale prices rise 1.6% year on year in

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Japan's wholesale prices rise 1.6% year on year in Jan.,[link widoczny dla zalogowanych]
Japan's wholesale prices rose 1.6 percent in January from a year earlier, marking the fourth straight month of increase,[link widoczny dla zalogowanych], the Bank of Japan said on Thursday.The 1.6 percent rise prices logged in the recording period beat median economists' forecasts for a 1.2 percent gain.
On a monthly basis the index rose 0.5 percent in January to 103. 9, beating forecasts for an increase of 0.3 percent and following a 0.4 percent gain booked in December.The central bank's data showed that export prices rose 0.1 percent on month, but retreated 3.4 percent on year. This follows a revised 1.1 percent monthly gain and a revised 2.0 percent annual decline in December.
In addition, the Bank of Japan noted that import prices rose 2. 1 percent on month and 4.7 percent on year, following a revised 3. 0 percent on month and a revised 4.2 percent on year, booked in the previous month.The bank has highlighted that rising commodity prices such as for crude oil and nonferrous metals and growing demand in Asia is supporting Japan's rising wholesale prices.
For the whole of 2010,[link widoczny dla zalogowanych], the central bank said that the domestic corporate goods price index read 102.8,[link widoczny dla zalogowanych], a drop of 0.2 percent on the year and marked the second straight year of contraction, however the rate of decline was far less than the 5.2 percent drop logged in 2009, according to official data from Japan's central bank.The corporate goods price index in Japan, on a monthly,[link widoczny dla zalogowanych], quarterly and annual basis, is comprehensively tracked as these supply-side price pressures and increases in the index often precede upward movement in the CPI.
If a decrease in the CGPI is followed by a fall in the CPI, however, concerns about deflation may prompt the Bank of Japan to raise interest rates, if the situation is reversed the opposite will happen.The headline numbers are the percentage change in the index month or month and annually.
British gov't unveils trade,[link widoczny dla zalogowanych], investment guidance
The British government unveiled a series of measures on Wednesday aimed at boosting trade and investment to benefit the British businesses."Openness" lies at the heart of the Trade and Investment White Paper, which details guidance for the country to strengthen a multilateral trade system and maximize opportunities for British businesses to trade and invest.
Specifying advantages and disadvantages of Britain's business relationship with each of its major international partners, the White Paper said Britain should engage further with the developed world including the European Union and the United States, and expand collaboration with the emerging markets, especially China, India and Brazil,[link widoczny dla zalogowanych], to benefit from their high-speed growth.
The White Paper introduces a new range of finance and insurance products for helping Britain's small and medium enterprises to export more goods overseas.The document also underlines the British government's commitment to further open the country's market and build a better domestic environment to attract more foreign investment.
British Business Secretary Vince Cable said on Wednesday that Britain had "consumed too much and exported too little" in the last few decades - and with Germany now exporting over three times as much as Britain it was "vital to turn this around.""This White Paper sets out an ambitious direction for the UK,[link widoczny dla zalogowanych], it will guide the government's work on trade and investment," Cable said.
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