日本企业商品价格的增长再次放缓，但仍处于高位，表明来自投入成本的通胀压力可能已暂时见顶，暗示日本央行在上月加息后进一步加息的紧迫性降低。
The growth of corporate goods prices in Japan has eased again while staying at elevated levels, indicating that inflationary pressure from input costs may have peaked for now and suggesting less urgency for the Bank of Japan to raise interest rates after last month’s hike.
日本企业的投入价格指数在9月较去年同期上涨6.8%，较前一月的7.6%放缓，日本央行周二报告称。这是自2025年5月以来的最显著放缓。生产者价格指数（PPI）环比下降0.3%，与8月持平。
The measure of input prices for Japanese firms climbed 6.8% in September from a year earlier, slowing from 7.6% in the previous month, the BOJ reported Tuesday. It was the sharpest slowdown since May 2025. The Producer Price Index (PPI) gauge fell 0.3% from the previous month, the same result as in August.
这些数据表明，日本央行在10月30日下次政策会议上无需跟进上月的加息，实施连续加息。
The figures indicate there’s little need for the BOJ to follow last month’s rate increase with a back-to-back move when the board next sets policy on Oct. 30.
不过，该指标显示，企业仍面临较高投入成本的压力，因此日本央行仍将保持加息的轨迹。
Still, the gauge shows that companies remain under pressure from higher input costs and will therefore keep the bank on track for hikes.
交易者普遍预计日本央行将在1月再次加息，许多人预计加息将早在12月进行，这一点已在隔夜掉期市场的定价中体现。
Traders widely expect another move by January, with many expecting it to come as soon as December, according to pricing in the overnight swaps market.