Japanese enterprise price index rose for 13 consecutive months year-on-year.

  Xinhua News Agency, Tokyo, April 12 (Reporter Liu Chunyan) According to the preliminary statistics released by the Bank of Japan on the 12th, the prices of Japanese imported commodities continued to soar due to the conflict between Russia and Ukraine, and the enterprise price index rose by 9.5% in March. So far, the Japanese enterprise price index has risen year-on-year for 13 consecutive months.

  Statistics show that the Japanese enterprise price index rose to 112.0 in March, up 0.8% compared with February. Electricity, gas, chemicals, non-ferrous metals and other fields have the most prominent price increases.

  Statistics also show that in the fiscal year 2021 ending in March this year, the Japanese enterprise price index rose by 7.3% compared with the previous fiscal year, the biggest increase since the fiscal year 1981.

  Analysts said that due to the long-term deflationary pressure in Japan, the COVID-19 epidemic aggravated the sluggish domestic demand, and Japanese companies were generally cautious about raising prices. It was difficult to pass on prices, which put enormous pressure on business operations.