Geopolitics Alpha

Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets

Published . Updated .

Key takeaways

  • Japan’s October producer prices rose 7.1% y/y, above the 6.5% forecast and up from 6.8%, as oil, chemicals, steel and utilities climbed and a weaker yen…
  • Exposed: EWJ, BWX, EFA, MUFG, TM
  • Market reaction: EWJ −0.7% on the day; BWX −0.6% on the day; MUFG −0.9% on the day

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Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets

Japan’s October producer prices rose 7.1% y/y, above the 6.5% forecast and up from 6.8%, as oil, chemicals, steel and utilities climbed and a weaker yen…

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+7.5% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • SLX VanEck Steel ETF-0.3% 11d

    VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.

  • XLU Utilities Select Sector SPDR+7.7% 18d

    Utilities Select Sector SPDR: it holds power utilities. Linked by “utilities” (power and utilities) in this story.

  • 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

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.74%+0.82%base+3.43%after closeafter closeafter close
XLE-2.64%-2.21%base+1.50%after closeafter closeafter close
SLX-3.13%+0.00%base—after closeafter closeafter close
XLU-1.16%-0.05%base-0.02%after closeafter closeafter close
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
XOM-0.81%-1.14%base+1.84%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 wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets investingLive

Source: investingLive

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
SLXthree days earlier0.00%final price
SLXfive days earlier-3.13%final price
USOthat day+3.43%final price
USOthree days earlier+0.82%final price
USOfive days earlier+4.74%final price
XLEthat day+1.50%final price
XLEthree days earlier-2.21%final price
XLEfive days earlier-2.64%final price
XLUthat day-0.02%final price
XLUthree days earlier-0.05%final price
XLUfive days earlier-1.16%final price
XOMthat day+1.84%final price
XOMthree days earlier-1.14%final price
XOMfive days earlier-0.81%final price

Congressional trades in the stocks in 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 carried with this story

  • EWJ Ishares

    In “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” 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

    In “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” 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 wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” 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

    Mitsubishi Ufj Financial Group (MUFG) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets.” 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/

    For “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence. 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

    In “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” 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

    For “Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets,” Mizuho Financial Group (MFG) is linked, with no stored direction, medium confidence. 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 wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets” (12 Nov 2026) reaches Ishares (EWJ) through this story.

Ishares (EWJ) is on the page because iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)

Spdr Series Trust (BWX) is here too. Its reason reads: 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

Dates and 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.

What the saved facts support for Ishares (EWJ)

46 out of 100

“Japan wholesale inflation speeds up to 7.1%, beating forecasts and firming BoJ hike bets” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.