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Majority of Japanese firms struggle to get materials due to war in Ukraine

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I thought sanctions were only meant to punish Putin.

They're backfiring big time on the whole planet.

12 ( +25 / -13 )

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?

5 ( +9 / -4 )

@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.

-6 ( +6 / -12 )

@Bronco

They're backfiring big time on the whole planet.

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.

-9 ( +10 / -19 )

you have imposed sanctions against Russia now you bear your fruits.

10 ( +19 / -9 )

The survey conducted in late April queried 24,854 companies, with 11,267 giving valid responses.

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.

2 ( +5 / -3 )

Wow. That's a no brainer.

0 ( +1 / -1 )

A bit far-fetched blaming the skirmish in Ukraine, when it's the fault of the Japanese sanctions forced upon us by the US.

7 ( +13 / -6 )

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.

-3 ( +5 / -8 )

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?

This!

2 ( +4 / -2 )

Wedding venues

Please explain how wedding venues are affected by the Russian war?

4 ( +6 / -2 )

Go ask America.

4 ( +9 / -5 )

borschtToday  09:50 am JST

Wedding venues

Please explain how wedding venues are affected by the Russian war?

I am also very interested.How?

2 ( +4 / -2 )

Please explain how wedding venues are affected by the Russian war?

Perhaps, towering wedding cakes consume much Ukrainian flours :)

5 ( +5 / -0 )

Majority of Japanese firms struggle to get materials due to antirussian sanctions.

Its reality folks.

Be ready to pay its cost.And yes this is just beginning.

3 ( +6 / -3 )

GBR48

Putin knocking around the place invading countries, destroying the global economy.

You mean like the USA in Vietnam, Libya, Afghanistan, Iraq, Syria etc ?

The West started destroying it's own economy far before Ukraine situation,

1 ( +8 / -7 )

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.

I own a small trucking company, and this is what the fuel crisis is doing to our country… Today I filled up my truck to deliver products that help keep our country fed. When I filled up my truck, it cost me $1,149.50. This is ONE truck, for ONE day of fuel. I own three. So for one day of operation, it’s costing me $3,448.50. (Yes, we use a full tank of fuel every single day, sometimes more than 1 tank per day).

My trucks generally run 5-6 days a week, so we’ll just estimate on the low side and say five. That’s $17,242.50. Last week was over $20k for ONE week, that I have to pay out of my pocket to try and keep not only my children fed, but those of my employees, and our country.

Mark my words, we are on a downhill slide to the worst recession our country has ever seen. Trucking companies are going under left and right. (Literally hundreds weekly.) If you’re not aware, what you’re wearing, what you’re eating, what you’re living in, what you’re driving, what you’re reading this on, was delivered by a truck.

If something drastic doesn’t change in the next few weeks/months, I promise you, you’ll see empty shelves everywhere you look. You’ll see chaos as people fight for the basic necessities of everyday life. Food, medicine, etc…

I pray that all of you have the ability, knowledge, and skills to fend for yourselves. Not only against those who would do you or your family harm, but to be able to find sustainable food and water.

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.

-2 ( +4 / -6 )

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.

0 ( +1 / -1 )

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…

4 ( +4 / -0 )

The survey conducted in late April queried 24,854 companies, with 11,267 giving valid responses.

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.

Well, asking 24854 companies is certainly representative.

Not sure what you would have done ? Asking the 4500000 companies?

0 ( +1 / -1 )

Russian aggression doesn’t deserve any financial support from any other country. The number of countries doing business with them is shrinking, and the need for Russian oil and other products is being eliminated slowly but surely. If you don’t understand that Russia is more expansionist under Putin, and that backing up and sniveling is not a useful response to it, you really haven’t been paying attention.

-7 ( +1 / -8 )

The number of countries doing business with them is shrinking, and the need for Russian oil and other products is being eliminated slowly but surely.

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!

3 ( +6 / -3 )

The number of countries doing business with them is shrinking, and the need for Russian oil and other products is being eliminated slowly but surely. 

///

Sure that you have no idea what you are talking about.Main clients for Russia oil and gas are China,than India,South american countries/Brazil,Argentina/,say South Africa and let me say-opposite have happened as all of them have increased their shopping of these commodities.Shopping may be lowered by EU countries who have sae shore and can import both by tankers from other countries but not EU landlocked countries who have no opportunity yo do so.Same thing about grain or say lithium or nickel...

World is not just USA,Canada,Australia,NZ or EU...If you don’t understand that I am sorry you may go back to school and take extra classes of geography.

1 ( +4 / -3 )

BTW The rouble has been the best performing currency this year

Pukey2,

Sounds ideal. Have a nice trip.

-3 ( +1 / -4 )

Putin has everything planned out before Feb 24, he's five steps ahead of the useless western "think tanks"

1 ( +5 / -4 )

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!

0 ( +2 / -2 )

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?

-3 ( +1 / -4 )

the lesson is that plan for next war when china invades Taiwan!

-3 ( +0 / -3 )

And since when has the Ukraine been a necessity in transportation and supply of goods? Ummmm... Never!

1 ( +1 / -0 )

@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.

0 ( +0 / -0 )

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.

1 ( +1 / -0 )

Follow American sanctions and this is what happens.

-1 ( +0 / -1 )

They raise prices,shrink amount of product,so you get less for more

0 ( +0 / -0 )

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