An analysis company in Japan on Monday said food manufacturers have been raising their prices as soaring costs for raw materials and oil have forced some companies to pass on the costs to consumers.
Analysis company True Data Inc. said the average price of cooking oil in supermarkets nationwide soared 150 percent in May and that of mayonnaise leapt 30 percent.
The firm noted that a number of other food staples had also seen their average price rise considerably in the recording period.
Resource and import-reliant Japan has seen import prices soar due to the yen’s recent weakness versus the U.S. dollar as a result of central banks’ monetary tightening and concerns over economic growth.
Amazon Japan delivery drivers form union, claiming overwork
Japan Today – Jun 14
A group of 10 people working as freelance delivery drivers for Amazon.com Inc’s Japan unit have unionized and handed over a letter to the online shopping giant’s Tokyo headquarters demanding that their poor working conditions be corrected, union members said Monday.
How the global cost-of-living crisis could affect Japan
BBC – Jun 13
People globally are facing a cost-of-living crisis, but in Japan shoppers have been used to decades of stable or falling prices.
The country now faces rising prices, which is a big deal, partly because people’s wages haven’t gone up since the 90s.
Niseko hotels see reservations rising, but struggle to hire foreign staff
Nikkei – Jun 12
With the Japanese government recently deciding to ease entry restrictions for overseas tourists, Chitose Airport near Sapporo is preparing to welcome visitors again. And Niseko, a major winter resort two and a half hours’ drive west, is taking more reservations for the upcoming ski season.
Low IT pay stifles Japan’s digital transformation
Nikkei – Jun 12
TOKYO — Japanese companies face a serious shortage of skilled tech professionals as rigid seniority systems prevent them offering the kind of pay and packages likely to lure younger IT engineers and other experts.
Japan edges closer to intervention in yen
kitco.com – Jun 11
Japan’s government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows.
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