Japan's wholesale prices up 0.7% in March

Japan's wholesale prices rose 0.7 percent in March compared with the same period of last year, the Bank of Japan said Monday.

The index of corporate goods prices stood at 103.5 against the 2010 base of 100, the central bank said in a preliminary report.

Excluding the impact of the 3-percentage-point consumption tax hike last April, the country's wholesale prices fell 2.1 percent on yearly basis.

In the financial year 2014, wholesale prices decreased 0.1 percent on year excluding the impact of tax hike. While including the tax hike's impact, the index rose 2.8 percent to 105.3.