According to CoinMeta, rising prices for producers in Japan provide support for the Bank of Japan's decision to raise interest rates again. Inflation in the prices of goods for Japanese companies has accelerated for the first time in three months, further confirming the persistent pressure on prices, which provides a basis for the Bank of Japan to raise rates next month. Data released by the Bank of Japan on Thursday showed that the prices of goods traded between Japanese companies in October increased by 7.1% year-on-year, an expansion from the 6.8% increase in the previous month. Economists had previously predicted that the rate of increase would slow down. On a month-on-month basis, prices rose by 0.7%, marking the fastest growth since May. These data indicate that the cost of living is facing continued upward pressure. Since Japan is highly dependent on imports of oil, raw materials, and food, the conflicts in the Middle East are having a negative impact on the country. Last month, the Bank of Japan admitted that the underlying inflation rate has basically reached its price target. The data released on Thursday will help provide arguments for another rate hike at the bank's December meeting. Market pricing indicates that the probability of the Bank of Japan raising interest rates next time is 82%.