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© KYODOWholesale prices surge 9.1% in May; weak yen boosts import costs
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sakurasuki
What Japanese govt do to solve this? Japanese govt just want to increase defense spending
https://www.japantimes.co.jp/opinion/2022/06/10/commentary/world-commentary/japans-defense-spending-2/g
kurisupisu
With the rainy season blighting retail sales for the next several weeks and increasing prices in the mix means that bankruptcies will spike up again.
More stimulus packages then…
fxgai
It’s so pathetic.
This guy said he would achieve higher levels of inflation sustainably by 7 years ago. He failed but didn’t resign.
Now he is refusing to even stick to his guns about what consumers think of these wonderful higher prices the central planners had been waiting for.
He should have resigned 7 years ago already, and he should resign now if he can’t stick to the message anymore.
But unless he becomes a political liability for the LDP and they decide to change course on the ridiculous notion that trashing your currency is good for the economy, I guess he will ride out his term.
painkiller
Wholesale price inflation accelerated in May to 9.1 percent from a year earlier, reflecting higher raw material prices and sharp declines in the yen that boosted import costs at a record pace, Bank of Japan data showed Friday.
Japan's mishandling of the Covid situation is really crushing its economy.
Time to let in 20,000 tourists from Asia.