Business | Jun 01

Over 10,000 food items in Japan to see price hike in 2022: survey

Jun 01 (Kyodo) - Over 10,000 food items in Japan will experience price increases of an average 13 percent this year as a result of rising materials costs and the yen's rapid depreciation, a survey by a credit research firm showed Wednesday.

The Teikoku Databank Ltd. survey found that 105 major food manufacturers had raised prices on 6,285 products by June, with price hikes planned for an additional 4,504 products from July onward. ...continue reading


MORE Business NEWS

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.

The "V-Point" service, now Japan's largest point-based loyalty program, officially began on Monday, boasting approximately 150 million members.

According to estimates from the International Monetary Fund (IMF), Japan's nominal GDP is projected to reach approximately $4.31 trillion by 2025.

POPULAR NEWS

A cherry tree located at one of Kyoto's busiest pedestrian streets, Sanneizaka, a main pathway to Kiyomizu Temple, suddenly fell at 11:45 AM on Tuesday, trapping a school teacher beneath.

The biannual Spring Garden Party, hosted by the Emperor and Empress, took place at Tokyo's Akasaka Imperial Garden on Tuesday, with Princess Aiko gracing the event, warmly engaging with the guests.

The site of the former Tsukiji Market is set for a major transformation, including a stadium with a capacity of 50,000 people and a launch pad for flying cars.

The Nagoya District Court delivered a severe sentence on Monday to Mai Watanabe, 25, who operated under the alias "Itadakijoshi Riri-chan (Riri the sugar baby)" and was charged with fraudulently obtaining cash from men. She has been sentenced to nine years in prison and fined 8 million yen.

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.

FOLLOW US