The prices of goods traded among companies in Japan rose in February. The increase was slower than the previous month due to slowing energy cost rises.
The Bank of Japan says the Producer Price Index rose 8.2 percent last month from a year earlier. That’s 24 months in a row it’s been heading upward, although the rise was slower than the 9.5 percent jump in January.
Crude oil prices were relatively lower, as electricity and city gas rose. The increase slowed to stand at 33.9 percent up on the year thanks to government subsidies. That’s less than the 49 percent hike we saw in January.
But 87 percent of all items covered by the survey were more expensive.
Japan parliament endorses Kazuo Ueda as next BOJ governor
Nikkei – Mar 10
Japan’s parliament on Friday approved academic Kazuo Ueda as the next Bank of Japan governor, entrusting him with the formidable task of minimizing the side-effects of the central bank’s protracted monetary easing and preparing the ground for an exit strategy once its inflation target is within reach.
newsonjapan.com – Mar 06
Nissan accelerates electric transition plans
NHK – Feb 28
Nissan Motor is planning to speed up its rollout of electric cars in some of its biggest markets. The Japanese automaker says it now expects hybrid and fully electric vehicles to make up 98 percent of its European sales by fiscal 2026.
Japan egg prices surge on bird flu, costs of feed and labor
Nikkei – Feb 23
An avian influenza outbreak and rising feed costs are behind a shortage of chicken eggs in Japan that has led to rising prices for popular restaurant items including beef bowl dishes as well as the household staple mayonnaise.
Business Page: 1 | 2 | 3 | 4 | 5 | 6 | 7