Result in import prices in recent months, the yen continued to depreciate, usher in a wave of price increases in Japan in the spring of 2013, prices have added to the brand-name goods from food, electricity ranks. March 25, Japan's Kyodo News pointed out, the Abe government's economic policies succeeded in reversing the yen from rising, and has brought tangible benefits to the export enterprises, but undoubtedly increase the pressure for household expenses. Personal consumption cast a shadow, probably will be a drag on economic growth, the policy of the Japanese government operations will face a test.
"I'm sorry, prices ¥ 50 April." In early March, a popular ramen shop in Tokyo's ticket machines posted this announcement. The Government of Japan (2508, -7.00, -0.28%) unified resale price from April 1 average price increases of 9.7% major flour company was forced to pass the cost of the imported wheat. Its impact is expected to be expanded to bread, pastries and frozen food industry.
The of the imported soybean (4844,4.00,0.08%) and canola (5289, -5.00, -0.09%) Origin poor harvests and the depreciation of the yen, while high prices, the Company will be closed from April 1st Nissin OilliO. Families edible oil increased by more than 30 yen per kilogram, the price increases is expected to be around 10%. Collard food company from May 1, 16 varieties of canned tuna of the major commodities price increase by 2.2 to 6.1 percent range.
Japan Polyethylene Corporation since March 21, the price of the raw material of polyethylene bags of supermarket plastic (10,435, -155.00, -1.46%) raised by about 7%. Plastic bottles products use the same raw materials are also expected to price increases.
Due to rising fuel cost of crude oil and natural gas, such as coal-fired power standard household electricity bills of 10 power companies in Japan in April than in March rose 24 to 131 yen. The four city gas company will also raise prices of 72-104 yen. Also apportioned in May tariff designed to promote renewable energy universal costs, the national average will rise to 33 yen.
Kansai, Kyushu Electric Power will be held in May after approval to raise prices by about 10%, Tohoku Electric Power and Shikoku Electric Power planned July price increase of the same magnitude. In addition, high gasoline prices, household expenditure increasing pressure.
Premium brand merchandise famous jewelry brand Tiffany decided that some of the goods on average 10% price increase from April 10 onwards. Some overseas hotel and ticket prices are also rising, the the Rakuten travel agency official said, are worried about the number of visitors will reduce.
A large food company, said the price competition is fierce, some manufacturers do a good job by cutting costs to cope with the psychological preparation, but Japan's economic regeneration to play with Akira Amari said, enterprises blindly cut profit margins and wages and salaries will weaken spending power. He said prices is also compelling.
Takeshi Minami, chief researcher of the Research Institute of agriculture and forestry in gold if prices continued, household expenses will be suppressed, will have an adverse economic impact. Enterprises have an urgent need to raise wages, profits back to the workers.
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