In today’s briefing:
- Japanese Prices Rise Again; 60% of Consumers Feeling the Pinch and Looking for Better Value
Japanese Prices Rise Again; 60% of Consumers Feeling the Pinch and Looking for Better Value
- Core inflation rates remain stubbornly high and real wages are still falling.
- Surveys suggest one more major round of price hikes in October but the government still thinks prices will stabilise below its 2% target by the end of the year.
- The increases are lowering consumer confidence – bad news for most retailers, although major discount chains are making hay while the sun, well, doesn’t shine.
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