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Households becoming less tolerant of surging food prices: study

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Love people here having a little more push back than the whole it can't be helped attitude.

14 ( +19 / -5 )

What did they do, go around the country asking, are you tolerant or intolerant of surging food prices. What a silly study

23 ( +29 / -6 )

And food you idiots, might not be officially included why? But it might come as a surprise to those in charge but food is right up there in concern for price increases! Idiots. Talk about having no idea

12 ( +20 / -8 )

Food was already rising before. And it was expensive already. I wanted an ordinary apple today. I saw them for 200 yen and said no.

9 ( +20 / -11 )

Saisuke Sakai, senior economist at Mizuho Research, called attention to the disproportionately high burden rising prices place on low-income households.

Japanese workers need to lower their tolerance for the Japan Inc./LDP aspirations for global economic importance using a weakened yen and easy money for financials.

The Japanese worker is the fall guy for these neo-feudalist schemes and even the fat cat bankers at glitchy Mizuho don't pretend it is any different.

11 ( +27 / -16 )

households' tolerance by subtracting the percentage of respondents who considered price hikes "troubling" from those who perceived them as "desirable."

Not too sure who consider price hikes as « desirable » except BOJ board members !

16 ( +18 / -2 )

Just go for the yellow and red half price stickers an hour before closing time, and discounted out of date food. You might get sick, but it’s better than starving.

fishing and a vegetable garden also a good idea.

4 ( +17 / -13 )

Japanese households are becoming increasingly less tolerant of surging prices of food and daily necessities,

So can we expect Taro and Hanako to be starting food riots next week? Vote out the LDP in the upcoming election? Or just carry on as usual?

My money is on option 3... as ever...

7 ( +21 / -14 )

Seems like Japanese people think the international sanctions that are causing this aren't such a great idea.

-10 ( +11 / -21 )

I think the J-Gov knows that pensions and wages need to increase before Mitsue and Hiroshi pay a little extra for their expired bento at the grocery store. I've actually noticed an increase of "late night" shoppers that wait around for the discount sticker to be placed on the fried chicken or the spring roles.

I know I'm gunna be buying a couple bags of rice in the next week or so as food shortages are expected in the coming months. Shits gunna hit the fan I tell ya. Hunker down. Things are about to get real.

5 ( +14 / -9 )

I've even decided to switch from beer to shochu to save money. Prices all over up around ten percent recently... and I hear it's going to go up more. I might even move to a cheaper place if it carries on

4 ( +8 / -4 )

I’ve got beans and peppers coming up that I grew from seed.

Got partial solar power and ride a bicycle.

Cut price food is to be had for the patient and hard up; time your supermarket trips wisely.

Also, I make a massive daal curry every week that is cheap and I never tire of eating.

There are ways around this but by not adopting certain habits now, will mean confusion later.

8 ( +10 / -2 )

Seems like Japanese people think the international sanctions that are causing this aren't such a great idea.

Thank you truckers! Hold the line! etc etc.

No? Not this time?

-4 ( +5 / -9 )

In the west, prices are up over 20%. Japan is great shape.

-11 ( +7 / -18 )

Yeah tolerant...

I was always buying apples in my local yaoya as it was relatively cheap 1 bag for 350-500 yen (4-5 apples) quite big in size.

Now it is 750 yen per 1 bag, however there is only 3 in a bag...

So I stopped buying, switched to cheaper hassaku as it is season

7 ( +9 / -2 )

The retailers could start by not wasting money (that they then pass on to the customer) on excessive packaging. Look at that photo. Everything is wrapped in plastic when it's completely unnecessary. Families can't buy just what they need and waste money buying 6 carrots when they only need 2. Wake up!

13 ( +16 / -3 )

Likely what they mean is more "price elastic" - that is, consumers will more likely substitute or eliminate purchases when prices rise - like switching from beer to shochu, as wobot seems to have done, or quit drinking altogether (shudder!)

6 ( +7 / -1 )

Pfft, wait until beer moves from ¥500 to ¥600 in every izakaya. Then we might see some real moaning!

0 ( +7 / -7 )

[photo] looks like a lot of different types of . . . mushrooms . . . .

-1 ( +0 / -1 )

Prepare for prices far worse than this. In Canada, I've watched milk double in price over the last 4 years, most of that happening in the last year. Basic fruits and vegetables are also nearly double, and where packed in containers, most groceries have been reduced in size or quantity in addition to increased prices.

I have no idea how people already at the edge of poverty are expected to survive in our societies anymore

7 ( +11 / -4 )

paradoxboxToday  09:19 pm JST

I have no idea how people already at the edge of poverty are expected to survive in our societies anymore.

Maybe they think the best way to reduce poverty is to get rid of poor people. They don’t dress well and muck up the ambiance.

1 ( +8 / -7 )

The company also found a growing tendency to cut back on expenses for food and beverage.

It happened.

This survey, and similar results have finally been noticed. And in a big way.

Due largely to surging energy and food prices, resulting in the highest inflation seen for decades, the world's central bank's umbrella body, the Bank for

International Settlements (BIS), Sunday called for interest rates to be raised

"quickly and decisively" to prevent the surge in inflation turning into

something even more problematic.

"The key for central banks is to act quickly and decisively before inflation becomes entrenched," Agustín Carstens, BIS general manager, said as part of the body's post-meeting annual report published on Sunday. Carstens noted that BIS still thinks that an economic soft landing - where rates rise without triggering recessions - is still possible, but accepts that it is a difficult situation.

"If this tightening generates massive losses, generates massive asset corrections, and that contaminates consumption, investment and employment - of course, that is a more difficult scenario," Carstens said.

Carstens also said that though many global central banks and the BIS itself had significantly underestimated how quick global inflation has spiralled over the last six to 12 months, they weren't about to lose hard-earned credibility overnight.

"Yes, you can argue a little bit here about an error of timing of certain actions and the responses of the central banks. But by and large, I think that the central banks have responded forcefully in a very agile fashion," Carstens said.

https://www.reuters.com/markets/europe/global-markets-bis-report-pix-2022-06-26/

0 ( +1 / -1 )

I wanted an ordinary apple today. I saw them for 200 yen and said no.

I feel for you.

I used to dream to live in Japan before but when i learnt how the prices for food were I changed my mind.

I can buy a kilo of nice red juicy apples at one of the cheapest markets at the price of 11 hryvnyas in my city. 1 dollar is now 37 hryvnyas. My monthly income is around 8,000 hryvnyas.

-1 ( +5 / -6 )

Globalisation reduced the cost of everything. Our governments have decided, for political reasons, to deglobalise, and 'take back control'. As a result, everything will cost more from now on. Lots more. These prices will not drop back to where they were. This is the 'new normal'. In a deglobalised world, everything will be much more expensive and often in short supply. You elected the people who are doing this. You didn't want migrant workers 'stealing your jobs' (even though they weren't). So if you want to blame someone, go look in a mirror.

-6 ( +3 / -9 )

Becoming less tolerant

It's not like we have a choice !

Unless we want to go without.

According to a recent analysis of Bank of Japan surveys by a research company

BS survey announcement.

Doesn't take a rocket scientist to realize that people don't ever want to spend more for everything.

Do you use Bank of Japan ?

3 ( +5 / -2 )

Japanese politics; the art of convincing the peons that they’re not being squeezed, ascertaining precisely how much they can be squeezed, and then persuading them that what isn’t happening is all for a good cause.

-2 ( +5 / -7 )

@Rakuraku

Not too sure who consider price hikes as « desirable » except BOJ board members !

Answer to your question is people like “ Whatsthe411…” who commented:

In the west, prices are up over 20%. Japan is great shape

This person clearly doesn’t go shopping in Japan or won’t have made idiotic statements like that! Any person who goes out to buy food items in Japan will realize how the prices have hiked! Those who are parasites feeding on others money don’t seem to realize it or don’t care about it since they aren’t using their own money!

-1 ( +4 / -5 )

LDP elites will continue destroying the country.

1 ( +7 / -6 )

Like you have any choice.

3 ( +4 / -1 )

No mention of the businesses taking advantage of the situation and hiking prices arbitrarily. At my recent business insurance renewal I was informed that my insurers now have a $150 'company fee' which they apply to all policies 'to cover administration and other costs'. A lot of people making a lot of money by taking advantage of the various crisis situations

6 ( +6 / -0 )

Japan is late to the inflation party. The US inflation has been surging since Biden took office. Most stuff essential and non-essential items up double digits with some up triple digits like gas. Gas is up 136%. Ugh.

4 ( +5 / -1 )

In France so far, it is under control, outside gas for cars.

Yen dropping is a double punishment.

That is what happens when you think you were invincible by keeping forever low interest rate. Can´t go backward now.

Problem is if wages don´t get raised, poverty will become the new normal.

You reap what you sow (LDP, Biden...)

7 ( +8 / -1 )

GBR48

Globalisation reduced the cost of everything. 

Huh?!?! Asset inflation remained at historic highs during globalization's golden years. The world's most globalized places: London, New York, Singapore, Vancouver, Sydney, have suffered horrendous affordability problems in tandem with rising globalization.

For example, a middle class family of four living close to central London needs to have a multi-millionaire breadwinner, a pre-Brexit survey found. In my town, mega-global Vancouver, subsidized public housing has been created for middle income households: school teachers, police officers, civil servants, etc.

3 ( +3 / -0 )

Institutionalized drones like BOJ Governor Haruhiko Kuroda are the problem...he is so out of touch that he could care less as he sucks down high priced sushi and sake after work with his other useless cronies and gets driven home by his chauffeur...all on the Japanese citizen's dime. Wages are ridiculously low in Japan and there needs to be real wage growth. I worked in Tokyo for over 10 years and left 20 years ago. Looking at the salary for jobs similar to what I used to do (banking) I see no change. No wonder Japanese are fed up. The old way of doing things stopped working a long time ago (salaryman drones, absentee fathers, corrupt political elite, no real wage increases, aversion to novel solutions, etc etc etc). The new/young generation will have to see if they have what it takes to make meaningful change and have folks stop asking "what happened to Japan?".

4 ( +5 / -1 )

Plenty of non middle class families in living close to central London with 3-4 kids on state supplementation too…

-2 ( +1 / -3 )

In my town, mega-global Vancouver, subsidized public housing has been created for middle income households: school teachers, police officers, civil servants, etc.

Nothing the Koreans haven’t been doing all along. Members of professions deemed essential, enjoy preferential access to accommodation as well as other benefits not accessible to non-club members.

2 ( +3 / -1 )

It will get worse before it gets better..

0 ( +1 / -1 )

well i live here some 2+decades so can compare.

when I came reason for food increasing rpice was change of VAT.when I came was 0,tha 3% ,than 5% now its 10%.

products I remember are shrinked in size still costs more than before.

remember days when there was sunny summer with little rain.so food went up because of that,next year there was a lot of rain during rainy season/what a "surprise" to get rain?/ so food went up because of lot rain.

summer 2009 was famous for great hike of price of petrol so there was new excuse about price hike again.

when Japan started buy stolen oil from Syria via Turkiye via shaddy channels in 2014 petrol went as down as 95JPY for liter however no single price of product went down/another "surprise"/.

now after covid circuss with literally zero help from government we are in situation that we are facing prices hiking agan.this time no rain,no sunny summer but bad bad Russia.Japan have imposed sanctions against Russia and expecting that there will ne reaction from Russia,so Japan will continue get LPG at low price,oil at low price,wheat at low price ,minerals at low price-as same as before.But with little common sense everyone understands that this is not going to happen.so we have to be ready to pay costs for someones else war by prices increasing mainly for food.

Japan have nothing to do with that conflict and should not be involved in any way to support one or other side.as neutral peace loving country/at least by own constitution/Japan should be first country to ask both UA and Russian side to end fightning,return back to negotiation table and arrange peace.Japan have to stop its role of little american non sovereign poodle and act on behalf of american interests.

Jpn gov have to act on behalf of japanese interests and interests of its citizens and taxpayers first.War UA vs RU is none of japanese interests.

Every normal person around the world hates killing and war and it does not matter what war and between what countries as every war is bad.Japan should act as peace negotiatior asap if want to avoid more damages of own economy and our lives here.

6 ( +7 / -1 )

A lot of food manufacturing firms have burned down in the past few years. Bill Gates have been buying farm lands. Tens of thousands of Cattles have died of heat stroke. Shortage of baby formula. Trade war with China. Demolition of fossil energy. Container ships are intentionally prevented from unloading. Truck drivers that would deliver the goods are mandated to be vaccinated. You can already deduced that food shortage is a manufactured crisis. Globalists thrive on crisis to gain more power and control. It is all about their agenda for the establishment of a one world govt.

3 ( +4 / -1 )

opening the economy might help or have a Go to Trouble campaign at least!

0 ( +1 / -1 )

Is that in any way surprising? Only BOJ ang J-Gov think that we are accepting it!!! That is because the ruling class lives in alternate reality, where everything is honky dory!!!

1 ( +2 / -1 )

It's all price gouging bulldust. Why would an apple, grown in Japan, go up in price because of Russian sanctions? It's just an excuse for the CEOs or whoever to raise prices. Corona and the war have been amazing excuses because there's no way to actually know how, if at all, things have been effected.

3 ( +5 / -2 )

Mr. Kipling: "So can we expect Taro and Hanako to be starting food riots next week? Vote out the LDP in the upcoming election? Or just carry on as usual?"

And vote for whom? The other parties are mostly just LDP dropouts who didn't get their way and so formed other parties (and then quit those and formed new ones again when their ideas were shot down a second or third time). The opposition here is exactly the same.

Anyway, it IS good to see a bit of pushback, but it needs to be a LOT of pushback.

There are all sorts of sales tactics that have come into play that are so much worse than costs being raised because of the war in Ukraine and/or Covid; you have companies that are completely unrelated to either in terms of what they sell, but who jack up costs anyway because everyone else is. Then you have the a-holes who buy up all the products and resell them online at three times the cost or more, or who have stopped selling sets of products and have broken them up into individual units the same cost as the original set.

Aside from food and things you absolutely need, just stop shopping. Because prices aren't going to go down once they've gone up unless shops and companies are motivated by lost sales.

0 ( +2 / -2 )

Does Kishida's wife shop at the supermarket in the photo above?

No, I guess not.

1 ( +2 / -1 )

Odd headline. They were "tolerant" before? Or just no one asked how they felt about it?

After all the fuss about deflation, now we have price rises and the BoJ and government are doing nothing to change policy. Because they can't.

1 ( +1 / -0 )

Nuclear power is the cleanest, the most reliable, the most powerful and efficient, and the cheapest.

if you go for green you go dim.

0 ( +1 / -1 )

Globalisation reduced the cost of everything. Our governments have decided, for political reasons, to deglobalise, and 'take back control'. As a result, everything will cost more from now on.

Globalization has been instrumental in inflating the price of assets such as housing, shares, and gold, just to name a few, far beyond what economies not turbocharged by untethered capital would ever have seen. The realization that this is true and that troubles aplenty lie ahead if it’s not reigned in, are what’s behind the apparent decoupling or move to Globalization lite.

0 ( +0 / -0 )

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