Wholesale costs in Japan climbed 9.0 % in August from a 12 months earlier because the yen’s tumble in opposition to the U.S. dollar and different main currencies boosted import prices, Bank of Japan information confirmed Tuesday.
It marked the 18th straight month of improve, lifting the company items value index to 115.1 in opposition to the 2020 base of 100, renewing a document excessive, based on the central financial institution.
Import costs in yen phrases grew 42.5 %, the fifth consecutive month that the margin of improve has surpassed 40 %.
…proceed studying
BOJ’s Kuroda warns in opposition to ‘fast’ yen strikes after assembly PM
Nikkei – Sep 09
Bank of Japan Gov. Haruhiko Kuroda mentioned fast yen strikes have been undesirable after a gathering with Prime Minister Fumio Kishida on Friday, becoming a member of a refrain of policymakers lobbing verbal warnings over the forex’s current sharp drop to 24-year lows.
Japan to pay extra for iPhone 14
business-standard.com – Sep 09
Buyers of the fundamental iPhone 14 in Japan – the place the yen has slumped 24% since September – can pay 20% greater than they did for the iPhone 13 when it was launched a 12 months in the past at 99,800 yen ($692.81).
Kura Sushi chain to lift costs as prices climb
NHK – Sep 08
Kura Sushi is becoming a member of rival conveyor-belt sushi chains in elevating costs. The Osaka-based firm says it should cost extra for its most cost-effective plates from subsequent month to mirror the hovering value of fish.
Google to simply accept Third-party app funds in Japan
Nikkei – Sep 03
Google plans to simply accept the usage of third-party cost companies on its smartphone app in most main international locations equivalent to Japan and India, however not the U.S., marking a turning level in its battle with international authorities who’ve been calling for the opening of cost methods to the skin to advertise competitors.
Nissan to droop Leaf orders, elevate costs
NHK – Sep 02
Nissan Motor says it should cease taking orders of its Leaf mannequin till it raises the automotive’s retail costs. The Japanese automaker will quickly droop gross sales of the electrical automobile in Japan from September twenty second.
Yen sinks to new 24-year low in opposition to dollar
Japan Today – Sep 02
The yen plunged to a brand new 24-year low in opposition to the dollar on Thursday as Japan sticks with its long-standing financial easing insurance policies in distinction to tightening by the U.S. Federal Reserve.
Business Page: 1 | 2 | 3 | 4 | 5 | 6 | 7