Prices of 3,000 products to rise from Tuesday; postal rates also going up

How is it in a free market economy that all these prices go up on the same day? Collusion anyone?

The retail prices of about 3,000 food and drink items will rise from Tuesday. Postal rates will also increase.

Thanks new PM Ishiba!

Looks like according to your stated goal Japan is emerging fully from deflation.

The working populace are filled with joy.

Prices going up again?

Wages aren’t!

Politicos are pledging more though…

the price increases are mainly due to higher costs of imported raw materials, the weak yen and higher transportation rates.

What is baffling is that the yen has been strengthening from almost Y159 to the current Y143. Also oil has really dropped of late, and inflation in other countries has really been curbed. So why now the increase again. Also, I have forgot how many increases we have seen, but I'd like to know exactly how much and how often the prices have gone up. It seems like it is almost quarterly!

I too have watched the yen strengthen, yet fuel prices don’t fall.

When the inverse happens the rises are instantly apparent.

The conclusion here is that Japanese wnergy corporations are showing their greedy agendas to screw their customers!

Obviously, the prices have to increase to ration the supply of goods because all the foreign tourists are drinking all the Calpis. Right?

Why on the same day?

‘People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.’ Adam Smith, "Wealth of Nations".

Why on the same day?

I think it’s because many major changes in Japan are implemented on either April 1st or October 1st.

Teikoku Databank probably polled the major food product producers in order to compile their report.

But just a guess.

… will increase by 4% to 23%.

… by 2% to 36%.

… by 4 to 14%.

Data shows real wages in Japan not increasing by these amounts, unfortunately.

While we get poorer and poorer....

The destruction of the middle-class.

Do us all a favor and let us know what products are not going up in price. I'll bet the list is shorter!

Incoming Prime Minister Shigeru Ishiba, after being elected ruling Liberal Democratic Party president on Friday, said at a news conference that he would take steps to boost wages to cushion the blow to households from rising consumer prices.

Same as the last 4 Prime Ministers ! Please do more urging!

But thank you LDP PM Ishiba for already helping the Japanese people to emerge fully from deflation as was their heartfelt goal!

https://www.reuters.com/world/asia-pacific/japan-pm-hopeful-ishiba-says-complete-exit-deflation-crucial-2024-09-10/

hopefully that will put an end to the “deflationary doom spiral” talk.

deflation is always described as a death spiral, and inflation is good because bankers love it.

Incoming Prime Minister Shigeru Ishiba, after being elected ruling Liberal Democratic Party president on Friday, said at a news conference that he would take steps to boost wages to cushion the blow to households from rising consumer prices.

Could you get any more vague?? What steps??

Unless he implements a minimum wage of 1500 per hour and a minimum monthly full time wage of 300,000, I don't see much changing. Just more hardships, and the people that will get hit the hardest are those with families. So much for measures to prop up the birth rate.

Asahi Soft Drinks will increase the prices of over 90% of its products, including Mitsuya Cider and Calpis Water, by 4% to 23%. Ito En will increase the prices of 207 items, including Oi Ocha and Healthy Mineral Barley Tea, by 2% to 36%.

This is significant and rather concerning. Let's say they go with 15%: that would mean, if a bottle of green tea costed you 100 yen before, now you will be paying 115 yen.

Japan's adventurous Covid spending is now coming back to bite them big time. If only there were people back then talking about and predicting this?

If only items going up are Asahi soft drinks, potato chips and postage, it's not going to impact us very much. As long as the essentials, like beer, don't change, we'll be OK!

Japan Post says the rate increases come as the number of mail items has been decreasing due to advances in digitalization and other factors

What the hell does that even mean??? Due to advances in digitization and other factors? Can you be even more vague?! Digitization should bring prices down, not up. Freaking liars and morons.

what a nice start of October.

I am speechless...

One measure the gov can do is slash sales and income taxes. Abe kept raising and raising the sales tax. Drop it back down to 5% to ease the burden and slash people's income tax as well to put more money in people's pockets. That would go a long way to cushion the rise in prices.

And the prices rise. Complaining about it would be like getting angry at the weather. The only solution is is to make yourself wealthy.

Lorem ipsumToday  08:35 am JST

Japan Post says the rate increases come as the number of mail items has been decreasing due to advances in digitalization and other factors

"What the hell does that even mean??? Due to advances in digitization and other factors? Can you be even more vague?! Digitization should bring prices down, not up. Freaking liars and morons."

digitization is customers using email instead of mail.

they have less revenue but the same fixed costs.

"" Asahi Soft Drinks will increase the prices of over 90% of its products, including Mitsuya Cider and Calpis Water, by 4% to 23%. Ito En will increase the prices of 207 items, including Oi Ocha and Healthy Mineral Barley Tea, by 2% to 36%. ""

As usual stick with mineral water and BEEEERS or even Whisky and you will be just fine.

No Sugars, No preservatives, No Flavorings, and Colorings. keep all this junk out of your body so you can live a healthy life regardless of how short it could be !!!? , Die with dignity and NEVER leave your body at the mercy of the makers of these Sugar poisoned drinks. LOL

This is just a further impact of the famed & touted MMT protagonists of ABENOMICS. Years and years of bad monetary policies.

Manufacturers delay the price increases as much as possible, and disguise many of the increases by introducing "new size!" or "Big Bag!" while actually reducing the content of the packaging : SHRINKFLATION.

But much of the citizenry is oblivious because they don't pay attention to the details. For an example, a regular bag of potato chips used to be 85grams, but now it's maybe 68grams at a slightly higher price than say ten years ago.

My grocery bill every time I go now has definitely gone up 1,000 yen. I always ask myself afterwards, did I buy that much?

They’re going to have to do some serious downsizing at the post office.

Prices are rising in all the world.

Japan Post says the rate increases come as the number of mail items has been decreasing due to advances in digitalization and other factors.

Does this make any sense? Slow day so better increase the prices.

Can't trust these people.

Same with expressways that were supposed to be FREE from 2065 onwards, that was until last year when they decided to postpone it until 2115 in a little meeting completely out of the blue.