[Rising Producer Prices in Japan Support Another Interest Rate Hike by the Bank of Japan] According to Jinshi Data on November 12th, Japanese corporate commodity price inflation accelerated for the first time in three months, further confirming persistent price pressures and providing grounds for the Bank of Japan to raise interest rates next month. Data released by the Bank of Japan on Thursday showed that the price of goods traded between Japanese companies rose 7.1% year-on-year in October, an increase from 6.8% in the previous month. Economists had previously predicted a slower pace of increase. On a month-on-month basis, prices rose 0.7%, the fastest pace since May. These figures indicate that the cost of living faces continued upward pressure. As Japan is highly dependent on imports of oil, raw materials, and food, the conflict in the Middle East is negatively impacting the country. The Bank of Japan acknowledged last month that its underlying inflation rate had largely reached its price target; Thursday's data will help provide arguments for another interest rate hike at its December meeting. Market pricing indicates an 82% probability of the Bank of Japan raising interest rates next time.