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© KYODOMajority of Japanese firms struggle to get materials due to war in Ukraine
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dagon
By industry, 90.7 percent of information technology service companies, including software developers, said they were unable to pass on higher costs, followed by lifestyle-related services such as travel agencies and wedding venue operators at 90.5 percent.
Wedding venues and software developers affected by the rising prices of commodities from Russia?
GBR48
@Bronco: quote: Sanctions [are] backfiring big time on the whole planet.
True, but as they make everyone poorer and hungrier, they also make everyone greener. This is how you suppress a global economy and the emissions therefrom. Making the poor do without all the trappings of modern life, and a chunk of their dietary intake. Everything we do pollutes, so forcing us all to do less - lockdowns, tourist blocks, reduced consumption - reduces pollution. For those of you worrying about the rich, relax. Being rich allows you to avoid almost all of the misery. It's just the rest of us that suffer. The wealthy (including our political leaders) can party on, whilst we are locked down.
Alternatively, weigh up the two sides of the scales - the benefits of no more putin, and the benefits of still having Putin knocking around the place invading countries, destroying the global economy.
Prices are costs + profits, so unless you become a charity, you will be passing on those costs.
If you want to save a lot of energy costs in your IT business, switch to distributed processing, so data is held on user's computers, not your expensive, power guzzling data centre. You could run a global social media system on users' devices via the e-mail protocol, extending the front end of an e-mail app/lication. Lose 99% of your overheads, but retain your profits. Redesign your software and save a fortune.
JeffLee
@Bronco
Sometimes, you gotta take a stand, regardless of the short-term consequences. In 1939, Churchill could have negotiated with Hitler and allowed continental Europe to fall under the iron fist of Nazism. The British Isles would have been safe and secure.
But Churchill believed the right thing in the end was to stand up to tyranny. The unprecedented postwar peace and prosperity enjoyed in the West today couldn't have happened without such resolve by Western leaders.
noriahojanen
Do you know how many companies in total in Japan? More than 4,500,000 (2021, by the tax office data; each has at least 10 or more employees). The sample size is small and hardly representative.
As we've already passed 100 days since the invasion, more firms are adjusting to the new emerging situations.
Tom San
Wow. That's a no brainer.
Andy
A bit far-fetched blaming the skirmish in Ukraine, when it's the fault of the Japanese sanctions forced upon us by the US.
Septim Dynasty
Not just only due to the Ukraine crisis, the weak Yen adds to the pain largely. The BoJ, LDP, and the media are suppressing the effects of the weak Yen on the Japanese consciousness.
borscht
Please explain how wedding venues are affected by the Russian war?
Pukey2
Go ask America.
noriahojanen
Perhaps, towering wedding cakes consume much Ukrainian flours :)
vic.M
GBR48
You mean like the USA in Vietnam, Libya, Afghanistan, Iraq, Syria etc ?
The West started destroying it's own economy far before Ukraine situation,
Ego Sum Lux Mundi
Well, the neocons and neolibs of the West, in their 'righteous' fury caused this, and now their subject populations can bear the pain.
Here's one canary in the coalmine: This owner of a trucking company explains why the USA is rapidly sliding into the worst recession it has ever seen.
Fortunately, the MSM assures us that Russia is about to surrender any day now due to the brave Ukrainian military forces that are already within sight of the gates of Moscow, so fuel prices should rapidly decline to affordable levels before people actually start to starve.
Even so, it would be foolish to rely upon military outcomes, no matter how certain we are. So, why not just convert the entire US truck fleet to electric engines? Or – and let’s face it, this is thinking well outside the box – what about powering each truck with its own windmill? Since driving generates wind, a wind-powered vehicle should be able to operate for pennies on the diesel dollar!
It’s becoming increasingly apparent that Ukraine is Poland, Europe is Japan, and the USA is Germany in this upside-down clown world cartoon remake of WWII. Which, of course, makes Russia England and China the Soviet Union.
PS. Russia ramps up gas supply to China. Gazprom intends to become China’s biggest natural gas supplier, accounting for more than 25% of Chinese imports by 2035.
kohakuebisu
Perhaps this is why we use the word "interests" and not "interest".
While it is probably in our interest as humans to help Ukraine and punish Russia for what is undeniable aggression, it is also in our interest to stay fed, clothed, housed, mobile, etc. with the means we have available.
Sven Asai
I would agree to quite a degree. The sanctions, embargoes and boycotts of course only can massively damage countries who also have a wide, active and vivid economy, and that’s by far the West itself, but surely not Russia. In relation or size comparison the Russian economy is of course a bit affected, but only corresponding to its much smaller size, let’s say about that of a country like Italy or so. And the rest is now affected at nearly whole global dimensions, because it represents all the non-Russian economies. Easy to understand, isn’t it? A severe ball hit into the own goal…
didou
Well, asking 24854 companies is certainly representative.
Not sure what you would have done ? Asking the 4500000 companies?
Pukey2
Yeah, the Global South is tiny and only accounts for 5% of the world's population. China, India, Pakistan, Africa, Latin America ..... they're not going to do business with Russia anyday.
NOT!
If you mean the number of western countries doing biz with Rus is shrinking, well, then yes you're right. But guess where inflation is going up. Guess where prices are going up. Guess where people are going to freeze next winter.
BTW The rouble has been the best performing currency this year!
Seth M
Putin has everything planned out before Feb 24, he's five steps ahead of the useless western "think tanks"
Seth M
Apparently Ukraine produced some of the critical raw materials for the semi conductor industry. Soon Taiwan may run out of the supplies to make chips!
Yuuju
I think that sanctions will lead to better results in the long run than allowing putin to stay as he is, its a pity some people dont yet understand that. Only living in the country under russia’s control could tell you that theres no the thing like common sense or stability or partnership you can get from russian leaders in the long run. They are generous and nice as long as it serves their goals to get stronger influence in the world - that is to make the maximum number of countries be dependant - and after they feel their power is absolute they will turn everything into hell. The world is already quite like hell why making it worse allowing such an evil to persist? Everything has a price indeed but who said a challenge wont turn into sth even better in the future?
MADCOWS
the lesson is that plan for next war when china invades Taiwan!
Belrick
And since when has the Ukraine been a necessity in transportation and supply of goods? Ummmm... Never!
kaimycahl
@Andy you can rest tonight peacefully, nothing is forced its just accepted! That's politics!
A bit far-fetched blaming the skirmish in Ukraine, when it's the fault of the Japanese sanctions forced upon us by the US.
kaimycahl
What this all boils down to is the richest rich getting richer, it gets better for them they don't lose they only raise prices and pass them down to consumers, on the other hand the poorest of the poor are getting poorer can't get any worse.
TARA TAN KITAOKA
Follow American sanctions and this is what happens.
Yrral
They raise prices,shrink amount of product,so you get less for more