Shoppers exit a jewellery store in Tokyo. Some premium goods are bucking a deflationary trend that has defined Japan for decades. Photo: Bloomberg
Shoppers exit a jewellery store in Tokyo. Some premium goods are bucking a deflationary trend that has defined Japan for decades. Photo: Bloomberg

Soaring costs push Japanese companies to raise prices after years of stagnation, deflation

  • Japan’s wholesale inflation, which reflects the prices that firms charge each other for goods, rose to a record 9 per cent in November
  • Goods sold direct to consumers saw smaller increases, even as raw material costs spiked 74.6 per cent – reflecting companies’ nervousness about charging more

Topic |   Coronavirus pandemic
Shoppers exit a jewellery store in Tokyo. Some premium goods are bucking a deflationary trend that has defined Japan for decades. Photo: Bloomberg
Shoppers exit a jewellery store in Tokyo. Some premium goods are bucking a deflationary trend that has defined Japan for decades. Photo: Bloomberg
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