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© KYODOGov't warns of rising prices as extra budget submitted to Diet
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© KYODO
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snowymountainhell
More like “Government warns public: YOU need to go on a Diet and live on a budget as we will also be raising the consumption tax again real soon.”
Cricky
Prices were, are rising well before corona and Ukrainian. Would seem the highly paid are now feeling what most of us have for years. And want to warn us? Now?
Mark
""as the government submitted to the Diet a draft extra budget to fight inflation.""
I am LOST now, make up your mind guys, the BOJ is pushing for a 2% inflation Goal while the government is fighting it!!?
Do you want Inflation ? or Deflation ? or both at the same time , LOL
Johansawada
Kishida in his "new capitalism" plan promised increased wages so that us workers can use that money to buy more stuff and stimulate the economy....
so where is our pay raise??? inflation is rising and we need this pay raise quick!!!
Paul14
Stop subsidizing fossil fuel use! Use the money to cloak every south facing building in Japan with solar panels.
Jerry L
How long can Japanese sustain low income high costs? Also, the world is moving in one direction opening up but japan is moving the other direction.
travelbangaijin
Higher wages only lead to higher taxes and consumption accelerating inflation. The best approach is to invest in revitalizing rural areas for younger generations to move and raise families and work remotely at a lower cost of living.
fxgai
Starting to think there might be a pattern here….
Seigi
Let's keep on increasing prices while keeping salaries the same for a better tomorrow! That's the new economic model of Japan!
happyhere
The price of energy was going up before the war, but the sanctions (not the war) made it go up even faster.
Still plenty of cheap oil on sale though, just ask India and China.
The Ukrainians mined their harbours, as Turkey has repeatedly stated. There is no Russian blockade.
purple_depressed_bacon
Sooo will salaries be increased to accommodate the rise in prices?
Peter Neil
Vreth Today 10:33 pm JST
Japan has one of the lowest CEO to worker ratios. Japanese CEO’s of large companies earn about 16% of what CEO’s of comparable size companies in the US.
Shareholder dividends average a whopping 2.5% in Japan.
cleo
Ukraine produces enough food annually to feed 400 million people.
https://www.theguardian.com/world/2022/may/12/russian-blockade-grain-exports-ukraine-ports-g7
kiwiboy
Wages going down, cost of living going up and the yen so weak - soon South East Asia will be our only travel option and it won't even seem cheap anymore :S
kaimycahl
@Seigi Nothing has changed, in other words keep on working to pay taxes. Remember the government will never go broke, they are a business to take money off the top of the money you make. The only way the government goes broke is when people no longer work.
Let's keep on increasing prices while keeping salaries the same for a better tomorrow! That's the new economic model of Japan!
Septim Dynasty
Most agricultural lands have been destroyed due to the years of ridiculous bubbles and overconstruction. Japanese bureaucrats always protect the construction industry at the costs of the environment, so they can always secure supports from rural folks.
Sven Asai
Easy and obvious how to solve it. Instead of printing all the money into a few already rich pockets, from now printing it for helicoptering and create a copy of the 80’/90’ bubble economy. Often enough said now and ignored, so I guess it won’t be done and massive poverty as well as irreversible economic downturn is more preferred. So be it, all you stubborn suicidal morons!
kyushubill
Any time a politician talks all hear is "Dur dee dur nyuk nyuk dur dee dur."
FizzBit
The Guardian? Pfff
Here’s something from the horses mouth and not some sanitized propaganda for the masses.
https://ubn.news/despite-difficulties-exporting-goods-ukraine-has-exported-650000-tons-of-grain/
Russia is clearing the Ukrainian mines from the water so Mariupol will be back to business. As usual, the Ukrainian oligarchs got their money.
smithinjapan
"Finance Minister Shunichi Suzuki said Wednesday surging raw material prices due to Russia's invasion of Ukraine...."
Yeah, because it's not at all due to the devaluation of the yen by the BOJ and subsequent 25-50% increase in import costs. Not at all. So, instead of combating the situation, let's give $50 billion to other nations! We all know the government giving our money away is not at all a cause either.
kurisupisu
The government is about two years too late.
This ‘warning’ is anything but!
But don’t worry as the Diet will be kept at a constant 23 degrees celsius, Kishida will continue to fly two planes everywhere,I will catch a cold in the post office,kids will continue to fall down en masse in the summer heat and salarymen will run around at midday whilst wearing a tie and jacket.
Theres always a vending machine selling low content cans of juice on the corner though…
Yrral
Blame Russia only give Putin credibility with inflation, Russian have little to do with US economy, nobody really do any business with Ukraine,unless Ukrainian are selling arms to dictators,like in Burma
Garthgoyle
イエエエイ! Exciting times ahead. As if Covid-2020-22 wasn't enough.
dan
Land of the rising #um.
Alan Harrison
Japan has been the Land of the Rising Rot for many years now. The warnings were evident 20 years ago.