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Inflation in Japan's capital re-accelerates in February

25 Comments
By Takahiko Wada and Leika Kihara

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25 Comments
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The days of the 800 yen lunch in downtown Tokyo are over.

5 ( +15 / -10 )

Redemption: Used to enjoy the cheap bi-rus too. You're right, those days are long gone :-(

5 ( +9 / -4 )

The days of the 800 yen lunch in downtown Tokyo are over.

Only thing to achieve below that is by buying few onigiris, that's what JGovt really want isn't it.

-11 ( +6 / -17 )

 it was too early to conclude that inflation was close to sustainably meeting the central bank's 2% target

Here's another thing to conclude, people wage are stagnant while daily items price are increasing. Is it sustainable?

-7 ( +12 / -19 )

fasten your seat belt, inflation is coming. My solution is : Bento !!! trust me, this magic weapon can solve the effect of inflation. Just cook and prepare your own food, at the end of the month you will find that, wow you save a lot of your salary!

-5 ( +7 / -12 )

Correlation with JPYUSD. It should come back down again over the next few months.

5 ( +6 / -1 )

This is what happens you have have people talking out of two sides of the same mouth.

Just a couple of days ago, the target of 2.0% had been reached, with stabilized prices, but then the "real" shoe drops, least the one that matters to the consumer the most.

2.5% rise in February after a, what was it 3.0% rise in January and something like 3.5% or 4% in December, so in effect, actually reality, as my pocket book will tell you, close to 10% rise in costs across the board, and maybe even higher, going back into the latter part of 2023.

That bag of potatoes, just last year, 4 potatoes, was probably close to 100 yen than over 200, including tax!

0 ( +5 / -5 )

Agree with Mark. Bento is the way.

-2 ( +4 / -6 )

check the olive oil, over 50%!!

-5 ( +4 / -9 )

Yen 150/$, global energy prices rising, supply chain and shipping costs due to Red Sea, uncontrolled US Govt. deficit spending (CNBC, $1Trillion every 100 days), labor shortages and deficit spending in Japan due to defense and aging especially, price gouging record $Corp profits, etc.

What makes above so bad, growth in US Govt Debt issuance, investors require higher rates, putting more pressure on Yen weakness, thus inflation. Biden's will spend like crazy due to Nov election, repurposing other programs with unspent monies, especially Covid monies,

Why will inflation get better exactly? Called stagflation, Govt. keeping GDP afloat but real economy contracting, pay more get less, ditto Europe and US. Yen coming down, maybe but 160 seems more likely than 140 today.

-2 ( +3 / -5 )

I think it’s just profiteering from the few corporations that control most of the industries to line their own pocket as the bridge between poor and super widens here just like the west.

1 ( +3 / -2 )

Here is the key to survival in Japan,

Get Out Of The Rat Race and move to the country side where you get Fresh Vegis, Meats, Water, and most of all Air.

Living in a big city a guaranteed one way ticked to a graveyard.

9 ( +11 / -2 )

The true power is to just avoid shopping brands and reward shops that have proper discounts. Paying 180 yen for a coke inside the convenience store or 150 yen in the vending machine and then in those you can even find 110 yen for the same product. Start supporting the lower cost shops etc and see prices drop everywhere. Just like LUUP which changed their prices March 1. Quadrupling the price for Tokyo. Sometimes the only thing you can do is resist with your pocketbook. Cook, support lower options and stop wasteful spending.

8 ( +9 / -1 )

Govt. needs inflation in Japan, monetize the debt. Now for all those institutions like the BOJ holding JGB's, tough road ahead, say for at LEAST the next 100 years!

Do keep in mind the taxpayers 'own' the BOJ!

-1 ( +2 / -3 )

The land of the shrinking rice bowl.

-7 ( +2 / -9 )

I bought a present, a fountain pen from Pilot for 10,000 jpy in December. Now the same pen, from the same vendor, is 13,500 jpy...

3 ( +4 / -1 )

Don't hold your breath for US rate cuts, US Govt. Deficit running at approx. 15% of US GDP, simply insane, meanwhile US economy only managing 3% growth, consumers getting crushed, pay more get less.

Due to above, Yen under remains under pressure, as US inflation likely picking up now. Corp's in Japan and US are price $gouging, windfall profits!

0 ( +1 / -1 )

The prices are rising and shrinkaflation on the up and up.

70 g pack of crisps is 55 g and the prices are over ¥115 a packet ...used to be ¥100.

Prices of fruit and vegetables are all up especially onions and potatoes etc.

Wages are stagnant.

Japan is doomed .

-6 ( +1 / -7 )

It's all an effort to increase the VELOCITY of money, naturally it will be another failed 'money game' effort!

-2 ( +0 / -2 )

Why not make efforts to reform education, modernize, and globalize the disconnected Galapagos culture?

-3 ( +0 / -3 )

So that you're all aware, Japan's been the largest holder of fixed income securities in the world for years.

These securities CRUSHED by inflation, higher global interest rates. For example, 30yr US Govt Bond bought in 2019, less than half value today, ignoring INFLATION.

Everything much more expensive in US now. If one were to sell this security, you'd get less than 50cents on the $, while everything on average up over 30%. Now imagine Japan, all these institutions and Many $TRILLIONS LOST.

Above why there's panic in nutshell, Japan's financial wealth has evaporated as the Yen's collapsed, BRUTAL, as land prices fall in value on inflation adjusted basis.

-2 ( +0 / -2 )

Trigger to Global inflation was pandemic and its many economic dislocations, naturally Gasoline on fire was Biden Admin massive money printing, then insane proxy war NATO expansion into Ukraine, fueling US inflation, US rates, Strong$ and out of control Global Inflation, raging wildfire. E.g. Turkey, 66% Nigeria 35%, etc.

-3 ( +0 / -3 )

'Japan is doomed .'

I actually agree, the goose is cooked. You could see it coming for a long time: Japan's slide into South East Asian mediocrity. The plan now seems to be kill off the middle class and let the wealthy live in tower mansions in Tokyo. And that's it...that's all they've got.

-4 ( +2 / -6 )

we’ve been reading that japan is doomed for the last 40 years.

panic - the deflationary spiral will destroy japan. we need 2% inflation.

panic - inflation is around 2%. what are going to do?

1 ( +1 / -0 )

HopeSpringsEternalMar. 5 10:05 pm JST

Trigger to Global inflation was pandemic and its many economic dislocations, naturally Gasoline on fire was Biden Admin massive money printing, then insane proxy war NATO expansion into Ukraine, fueling US inflation, US rates, Strong$ and out of control Global Inflation, raging wildfire. E.g. Turkey, 66% Nigeria 35%, etc.

Still Putin's War and the US's right to set it's overnight lending rate.

0 ( +0 / -0 )

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