TOKYO, Oct 27 (News On Japan) –
The client worth index for Tokyo’s 23 wards elevated by 2.7 p.c in comparison with the identical month of the earlier yr, excluding perishable meals, whereas the primary enlargement in development was recorded in 4 months, as introduced by Japan’s Ministry of Internal Affairs and Communications.
From October, authorities subsidies for electrical energy and fuel payments had been halved, which contributed to pushing up the general determine.
A surge in uncooked materials costs was handed on to gross sales costs, leading to a 7.3 p.c enhance in meals costs, excluding recent produce which is enormously influenced by climate circumstances.
Accommodation charges in Tokyo leap by 42.8 p.c resulting from a rise in international vacationers fueled by a weakening yen.
This marks the twenty sixth consecutive month that the buyer worth index for Tokyo’s 23 wards has surpassed the identical month of the earlier yr.
This index is launched forward of nationwide information and is carefully watched as a number one indicator.
Tokyo client costs rise 2.7 p.c; lodging charges leap 42.8 p.c
News On Japan – Oct 27
The client worth index for Tokyo’s 23 wards elevated by 2.7 p.c in comparison with the identical month of the earlier yr, excluding perishable meals, whereas the primary enlargement in development was recorded in 4 months, as introduced by Japan’s Ministry of Internal Affairs and Communications.
Narita Airport going through extreme employee scarcity
NHK – Oct 27
The variety of outlets and workers at Japan’s Narita Airport has taken an enormous hit for the reason that begin of the pandemic. The droop comes at a tough time for the transport hub, which is going through a resurgence in vacationers and different vacationers.
Kokusai Electric has sturdy debut in yr’s largest Japan IPO
NHK – Oct 26
A Japanese maker of chip-manufacturing gear had a robust debut on the Tokyo Stock Exchange, rising on its first day of buying and selling. The itemizing of Kokusai Electric on the TSE’s Prime market was the most important preliminary public providing this yr in Japan.
Japan’s GDP to be overtaken by Germany in 2023, IMF forecasts
Nikkei – Oct 25
Germany’s nominal gross home product is more likely to overtake Japan’s this yr, with the weak yen and inflation in Europe pushing up the worth of Germany’s gross home product in U.S. dollar phrases, based on a forecast by the International Monetary Fund.
Toyota to undertake Tesla charger for North American EV fashions
Japan Times – Oct 21
Toyota mentioned Thursday it is going to undertake Tesla’s charging requirements for its electrical automobiles to be offered in North America from 2025, becoming a member of a rising checklist of automakers using the business large’s fast charging community.
At final, the solar rises on Japanese equities
lordabbett.com – Oct 21
The Japanese financial system, after a chronic interval of stagnation, is at present experiencing a renaissance. A confluence of distinctive tailwinds within the present market surroundings suggests a supportive backdrop for future fairness returns.
Honda and GM to launch driverless taxis in Japan
Nikkei – Oct 19
Honda Motor on Thursday mentioned it is going to begin a driverless taxi service in Japan in partnership with General Motors. The automakers together with GM’s self-driving service subsidiary will kind a three way partnership in 2024 and launch the taxi service in 2026 in central Tokyo.
What is Workman’s distinctive technique?
News On Japan – Oct 16
Workman, a serious work put on firm, introduced its enlargement into the worldwide market in August of this yr, beginning with the opening of a retailer in Taiwan in 2027.
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