Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two per cent, government data showed on August 19. Photo: AFP
Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two per cent, government data showed on August 19. Photo: AFP
Japan

Japan families brace for further price hikes as weak yen, inflation elevate ‘uncertainty’

  • The yen’s decline to a 24-year low against the US dollar has set off alarm bells among consumers, companies over expectations of further price hikes
  • Analysts expect the economic situation to improve from early 2023 as the government eases tourism restrictions and as the US economy strengthens

Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two per cent, government data showed on August 19. Photo: AFP
Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two per cent, government data showed on August 19. Photo: AFP
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