Wholesale prices jump 9% in August as weak yen lifts import costs

hyperinflation will be the major problem in the world and everything will become expensive it will make everyone poor and conversely will make the filthy rich richer. Countries will become insolvent and they will run for help to the global entities giving up much of everything they have. Countries will be absorbed into the ten regional powers that will arise which will form the final one world govt. these are the ten horns of the beast. The final world empire will be crashing and devouring nations and trampling on the rights and freedom of the common folks.

You scared the bejesus out of me! :)

I bought 3 package of red velvet cake mix ,for 75 cent they usually cost 3 dollars a package,I spent almost 100 dollars before 10am this morning in America,on something you need,you spend money in America out of necessity,I gave the red velvet cake mix away ,that the kind of person,I am ,I hope they enjoy their cake

Get ready for a "food shortage world wide!

What is that always with ‘opening up and more tourists’ etc.? Do you really think they have plenty of money left in other countries? No, they are similar or even more stricken by three years Covid, the Ukraine wars, exploding energy prices and everything else rising due to accelerated inflation. In addition, although step by step some more tourists might show up, still at low numbers one has to provide the full service industry and formerly vivid infrastructure around, accommodation, transportation, cultural activities, full staff and all that. It’s very quickly bringing nothing else than red numbers in the books or even bankruptcies.

BoJ and government have and continue to ruin Japan's economy. along with awful demographics.

hyperinflation will be the major problem in the world and everything will become expensive it will make everyone poor and conversely will make the filthy rich richer. Countries will become insolvent and they will run for help to the global entities giving up much of everything they have. Countries will be absorbed into the ten regional powers that will arise which will form the final one world govt. these are the ten horns of the beast. The final world empire will be crashing and devouring nations and trampling on the rights and freedom of the common folks.

Go milk the exporters, BOJ.

the do already, record repatriated profits from overseas will mean a larger tax bill on your profits at the end of the year

And still the industry as a whole seems to cling to just-in-time logistics (i.e., using the delivery chains as their warehouse) for dear life. I feel that this is one of the real root causes of the problem.

it also to do with taxation, holding to much inventory just makes you more at risk of higher tax burden.

Just in time, while not perfect, means you can get the product just as you receive an order for it, no need to dead money in over stocked products

The weak yen works both ways and should be taken advantage of to the fullest.

exactly I think youll find Chinese are ready to spend billions, snapping up bargains in Japanese goods compared to 3 yrs ago

@Mio I certainly do know the difference. Corporations have been eating the increase in wholesale prices for a significant length of time but they cannot keep absorbing these price increases and 9% inflation any longer. They will need to start passing it on or go bankrupt. The coming increase in CPI has been held back but will burst force like a broken dam.

Wholesale prices in Japan climbed 9.0 percent in August from a year earlier as the yen's tumble against the U.S. dollar and other major currencies boosted import costs, Bank of Japan data showed Tuesday.

So it's not the exchange rate then given elsewhere around the world, especially USA inflation is running at 9%.

Is there a winner?

https://www.google.com/finance/quote/NI225:INDEXNIKKEI?hl=en&comparison=INDEXDJX%3A.DJI&window=1M

At less than 3% inflation, I think Japan is in a better place than most other nations, and the markets certainly think so ^.

oh, werent they boasting about how the profits from export increased thanks to weak YEN?

Now, the ordinary people will feel the outcomes the weak yen brings?

Go milk the exporters, BOJ. I'm sick of hearing stupid remarks from you every other day.

Do you know the difference between Wholesales prices and Consumer prices?

When wholesales price going up, consumer price it will going up even more, just like that. It's new capitalism.

https://asia.nikkei.com/Spotlight/Asia-Insight/Japan-startups-see-Kishida-s-new-capitalism-as-road-without-map

@Mio

Prices keep rising and wages are stagnant-what do you call that?

A boom?

Consumer price inflation in Japan is a dam waiting to burst.

Do you know the difference between Wholesales prices and Consumer prices?

The economic situation in Japan keeps deteriorating.

Oh dear, another poster who needs to do some research before he posts:

Japan upgrades second-quarter GDP

https://www.cnbc.com/2022/09/08/japan-upgrades-second-quarter-gdp-as-easing-covid-curbs-lift-spending.html

Consumer price inflation in Japan is a dam waiting to burst.

Time for japan to turbo ramp up its exports and open the door right now to tourists. The weak yen works both ways and should be taken advantage of to the fullest.

@painkiller, by recession I think you are referring to the coming depression. In reality, the real rate of price inflation is significantly higher than what is reported by the news media. Much of the price inflation has been masked by "shrinkflation" which has been happening for several years now.

Wholesale prices in Japan climbed 9.0 percent in August from a year earlier as the yen's tumble against the U.S. dollar and other major currencies boosted import costs, Bank of Japan data showed Tuesday.

The economic situation in Japan keeps deteriorating. Coupled with the central government's mishandling of the Covid crisis, which further exacerbates Japan's economic woes as evidenced by the thousands of failed businesses and unemployed, it is easy to see a recession is on the horizon.