Japan's wholesale prices up 8.5% in Dec; 2nd highest jump on record

It’s never too late to turn it all around but it takes the ‘will’ from all quarters which is sadly lacking in Japan

It seems that inflation is happening world-wide, and not just in one or two countries. Why?

And to think all that huffing and puffing about a 3% pay increase, won't even cause a dent even if it gets approved (which it won't). I shall be expecting a minimum 5% pay increase from my company come April or trouble will be brewing.

Bad news.

Hope Kishida can fix this next year via stimulus and wage hike.

The yen's weakness is also boosting import prices, a headache for resource-poor Japan.

….

I remember when the yen was a lot weaker and so do a lot of the older Japanese and I also remember that time when the people here were a lot richer too

Meanwhile wages are still flat so the typical Japanese becomes poorer. It's not looking good for Japan at all, and recent news have suggested that a lot of the rich are shifting their assets overseas now to escape the sinking boat.

The BOJ data also showed wholesale prices gained 4.8 percent in 2021

At least for this data the government don't play around with actual data,

https://asia.nikkei.com/Politics/Japan-to-set-up-committee-to-look-into-construction-data-scandal

so how many percentage that people salary increase in 2021?

Wow, really! Like nobody noticed that everything at supermarkets, homecenters are getting more expensive or the size is shrinking. But still we are told Japan is experiencing deflation. Because they don't count these volatile goods in their calculations! Hey Kishida, how about more urging for companies to raise wages 2% so will only be 7% short when paying for these daily goods!