Geopolitics Alpha

Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play

Published . Updated .

Key takeaways

  • Japan's corporate goods price index rose 7.1% in the year to October, up from 6.8% in September, Bank of Japan data showed on Nov.
  • Exposed: EWJ, BWX, EFA, MUFG, TM
  • Market reaction: EWJ −0.7% on the day; BWX −0.6% on the day; TM −1.6% on the day

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Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play

Japan's corporate goods price index rose 7.1% in the year to October, up from 6.8% in September, Bank of Japan data showed on Nov. 12, beating the 6.5% median forecast cited by Reuters. Prices rose 0…

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWJ iShares MSCI Japan ETF-0.6% 13d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan

  • MUFG Mitsubishi UFJ Financial Group

    Mitsubishi UFJ Financial Group (commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • TM Toyota Motor+3.3% 18d

    Toyota Motor (motor vehicles and passenger car bodies) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • SONY Sony Group+8.9% 30d

    Sony Group (household audio and video equipment) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • MFG Mizuho Financial Group-13.0% 30d

    Mizuho Financial Group (national commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWJ-4.13%-0.69%base-0.68%after closeafter closeafter close
BWX+1.13%+1.50%base-0.63%after closeafter closeafter close
EFA-1.86%+0.32%base-0.61%after closeafter closeafter close
MUFG-3.74%-1.05%base-0.87%after closeafter closeafter close
TM+2.87%+2.59%base-1.60%after closeafter closeafter close
SONY+3.96%+2.11%base+0.60%after closeafter closeafter close
MFG-7.53%-3.20%base-0.34%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play MLQ.ai

Source: MLQ.ai

Ishares (EWJ) since this story, compared with the market

CompanyWhenMoveStatus
Spdr Series Trust (BWX)that day-0.63%final price
Spdr Series Trust (BWX)three days earlier+1.50%final price
Spdr Series Trust (BWX)five days earlier+1.13%final price
Ishares Tr (EFA)that day-0.61%final price
Ishares Tr (EFA)three days earlier+0.32%final price
Ishares Tr (EFA)five days earlier-1.86%final price
Ishares (EWJ)that day-0.68%final price
Ishares (EWJ)three days earlier-0.69%final price
Ishares (EWJ)five days earlier-4.13%final price
Mizuho Financial Group (MFG)that day-0.34%final price
Mizuho Financial Group (MFG)three days earlier-3.20%final price
Mizuho Financial Group (MFG)five days earlier-7.53%final price
Mitsubishi Ufj Financial Group (MUFG)that day-0.87%final price
Mitsubishi Ufj Financial Group (MUFG)three days earlier-1.05%final price
Mitsubishi Ufj Financial Group (MUFG)five days earlier-3.74%final price
Sony Group (SONY)that day+0.60%final price
Sony Group (SONY)three days earlier+2.11%final price
Sony Group (SONY)five days earlier+3.96%final price
Toyota Motor Corp/ (TM)that day-1.60%final price
Toyota Motor Corp/ (TM)three days earlier+2.59%final price
Toyota Motor Corp/ (TM)five days earlier+2.87%final price

Members of Congress who traded Ishares (EWJ) near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares (EWJ)

Companies tied to this story

  • EWJ Ishares

    In “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play,” Ishares (EWJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)

  • BWX Spdr Series Trust

    For “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

  • EFA Ishares Tr

    For “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan

  • MUFG Mitsubishi Ufj Financial Group

    In “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play,” Mitsubishi Ufj Financial Group (MUFG) is linked, with no stored direction, medium confidence. Reason on file: Mitsubishi UFJ Financial Group (commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • TM Toyota Motor Corp/

    Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play.” Reason on file: Toyota Motor (motor vehicles and passenger car bodies) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • SONY Sony Group

    For “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play,” Sony Group (SONY) is linked, with no stored direction, medium confidence. Reason on file: Sony Group (household audio and video equipment) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • MFG Mizuho Financial Group

    Mizuho Financial Group (MFG) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play.” Reason on file: Mizuho Financial Group (national commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

Ishares (EWJ)

“Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play” (12 Nov 2026) reaches Ishares (EWJ) through this story.

The link for Ishares (EWJ) is this: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)

A second company, Spdr Series Trust (BWX), is listed for a different reason: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

Price levels for Ishares (EWJ)

EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWJ traded between 95.98 and 99.98 across 11 sessions. The latest close on file is 97.33.

How strong the case is around Ishares (EWJ)

46 out of 100

“Japan's wholesale inflation speeds up to 7.1% in October, keeping a December BoJ hike in play” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.