THE WHAT? Reuters reports that some four out of five large Japanese companies are planning to pass on higher costs to shoppers, or have already done so.
THE DETAILS Rising commodity costs and a weak yen have resulted in a sea change in attitude among Japanese firms, Reuters reveals, who have traditionally acted with caution and erred on the side of cuts when setting prices.
THE WHY? Reuters’ data suggests that the shift is a result of the war in Ukraine, which has caused inflation to surge.