Japan braces for wave of food price hikes

TOKYO, Jul 13 (siasat.com) - A new survey released on Wednesday revealed that over 30,000 food and beverage items were subject to price increases in Japan this year as businesses continue to pass on their higher raw material costs to consumers.

The survey by credit research company Teikoku Databank showed that 195 food and beverage makers have announced plans to raise prices for 30,009 items this year as of Wednesday, up from 29,106 items as of the end of June, reports Xinhua news agency.

Prices for about 20,000 items had already been raised in the first six months of this year, with price hikes for some 10,000 items being planned in the second half, including 3,716 items in October, when the number may swell to around 8,000 to hit a peak of this year, according to the survey. ...continue reading

Source: ANNnewsCH

Former Empress Has Surgery On Fractured Thigh Bone

Japan's 89-year-old former empress Michiko underwent surgery on Tuesday at Tokyo University Hospital for a fracture in her right thigh bone. The surgery was successfully completed, according to the Imperial Household Agency.

Ishiba Cabinet 'Photoshopped' Before Publication

Chief Cabinet Secretary Hayashi revealed in a press conference that a group photo of the Ishiba Cabinet, taken on October 1st to commemorate its inauguration, had been slightly modified before being posted on the Prime Minister's Office website.

Crane Injures 4 Women at Osaka Music Festival

A camera crane collapsed at a music festival venue in Osaka, injuring at least four people.

Massive Solar Flare Raises Risk of Satellite and GPS Disruptions

Japan's National Institute of Information and Communications Technology (NICT) has reported the occurrence of a major solar flare on October 3rd.

Red Gate Remains Shut for Tokyo University Students

Tokyo University's iconic Red Gate, which has long been a symbol for prospective students to pass through, has remained closed for the past three years, leaving many students unable to experience walking through it.

MEDIA CHANNELS

MORE Business NEWS

Bankruptcies in Japan Surpass 5,000 for First Time in 10 Years

The number of bankruptcies in the first half of the fiscal year has reached over 5,000 for the first time in 10 years, driven by a severe labor shortage.

Jalan To Cease Publication In March, Ending 35-Year Legacy

The travel magazine "Jalan" will cease publication in March next year. Recruit Co. announced on the 8th that both "Jalan" and the "Jalan Mook Series" will end with their final issue in March 2024.

The Harsh Reality of Pensions in Japan

Retirees in Japan face harsh financial realities due to unexpected costs like serious illnesses and funeral expenses. Pension amounts often fall short, with some retirees receiving as little as 50,000 to 125,000 yen per month.

Economic Outlook for Hokuriku, Tokai Regions Upgraded in BOJ Report

The Bank of Japan (BOJ) released its October Regional Economic Report, known as the "Sakura Report," announcing an upward revision of the economic outlook for two of the country's nine regions, Hokuriku and Tokai.

Japanese Rice Snack Makers Struggle as Costs Soar

Rice snack manufacturers are facing a tough business environment as the price of rice soars.

Controversial 'Proxy Shopping' Surges on Flea Market Sites

Disney's exclusive merchandise releases in Japan have sparked a new controversy, not just over traditional resale but also a trend known as 'proxy shopping.'

Japan's Used Smartphone Market Booms

The used smartphone market in Japan is booming, particularly following the release of Apple's latest iPhone model. Despite the new iPhone 16 hitting the market last month, more consumers are opting for pre-owned devices due to their significantly lower prices.

Can Minimum Wage Be Raised to 1,500 Yen Under 'Ishibanomics'?

Under Prime Minister Ishiba’s new economic policy, termed "Ishibanomics," what will happen to prices, wages, and ultimately, our daily lives? Ishiba's unusual remarks on interest rates have caused stock market volatility, leaving many to question the future direction of the government's economic policies.

< 2 3 4 5 >