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Japan To See Price Hikes On 35,000 Food, Drink Items By End Of 2023

  • Category:Other
JAPAN TODAY
 
Japanese consumers will have seen price hikes on 30,009 food and beverage products by October as retailers pass on higher costs to protect their profits, according to a credit research company.
The total, including the hikes in coming months, already eclipses the 2022 total of 25,76...

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Japan's Export Curbs On Chip-Making Equipment To China Take Effect

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KYODO NEWS
 
Japanese restrictions on exports of advanced chip-manufacturing equipment took effect Sunday, in line with U.S.-led efforts to stymie China's ability to develop high-end semiconductors capable of being used for military purposes.
With the revision of a trade ministry ordinance under ...

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Japan's Core Consumer Prices Rise 3.3% In June On Year

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JAPAN TODAY
 
 
Japan's consumer inflation accelerated to 3.3 percent in June from a year earlier, government data showed Friday, in a fresh sign of broadening price hikes that could fuel speculation of a policy tweak by the Bank of Japan.
The core consumer price index, excluding volatile fresh f...

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Japan's Surprise Trade Surplus Comes With Caveats for Growth

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FINANCIAL POST
 
Japan’s balance of trade unexpectedly swung to its first surplus since July 2021, an outcome that should help ease pressure on the economy’s recovery, though risks remain for the growth outlook.
Japan’s balance of trade unexpectedly swung to its first surplus since July 2021, an ...

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Yamazaki 'Must-Have' Whisky Turns 100 As Global Demand Soars

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JAPAN TODAY
 
The famed Yamazaki distillery marks its 100th anniversary this year with plenty to celebrate, as Japan's acclaimed aged whiskies command increasingly eye-watering prices thanks to growing demand and longstanding shortages.
Japan's oldest distillery has sat at the foot of a mountain ...

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Japan Forestry Firm Establishes Fund to Boost Decarbonization

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JAPAN NEWS
 
Sumitomo Forestry Co. has established a fund to invest in U.S. forestry operations.
The company and nine other Japanese firms, including Eneos Corp., Sumitomo Mitsui Banking Corp. and Osaka Gas Co., will invest a total of ¥60 billion in the fund. In addition to selling timber, the fu...

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Japan To Ban Used Cars Exports To Russia As Part Of Extra Sanctions

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KYODO NEWS
 
Japan is set to ban the export of used cars to Russia as part of additional economic sanctions on the country over its invasion of Ukraine, sources close to the matter said Tuesday.
The move to restrict exports of used Japanese cars, which are in high demand in Russia, aims to enforc...

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Japanese Rail Firm’s Spacia X Service Begins Operations

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JAPAN NEWS
 
Tobu Railway Co. began operating its new express train, Spacia X, on Saturday.
Following a special ceremony, the first train — laden with railroad fans — pulled out of Asakusa Station in Tokyo on the Tobu Skytree Line at 7:50 a.m.
Spacia X is the successor to Limited Express Spacia, ...

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Seven-Eleven to Launch Eco-Friendly Food Brand

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JAPAN NEWS
 
Convenience store chain operator Seven-Eleven Japan Co. said Tuesday that it will launch a new brand of environmentally friendly prepared foods.
The company will start selling the first four items of the brand Friday. The items include a tuna mayonnaise “onigiri” rice ball whose tuna...

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Nikka to Add Whisky Specialists with Eye on Malts

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JAPAN NEWS
 
Nikka Whisky Distilling Co. plans to hire more whisky experts, such as blenders and technicians, according to Kazutomo Tamesada, president of the company.
“The current organization has no leeway [for business expansion],” Tamesada said in a recent interview, indicating that he plans ...

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