• Cans of Hagoromo Foods Corp.'s Sea Chicken tuna product are stacked at a Tokyo supermarket Tuesday. The food maker has said it will raise the price of the long-running popular product by as much as 6 percent in May due to the rising material costs and weakening yen. | BLOOMBERG
    Cans of Hagoromo Foods Corp.'s Sea Chicken tuna product are stacked at a Tokyo supermarket Tuesday. The food maker has said it will raise the price of the long-running popular product by as much as 6 percent in May due to the rising material costs and weakening yen. | BLOOMBERG
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Prices are rising before incomes are and thus consumers are feeling the pain of the yen’s depreciation driven by “Abenomics.”

First affected are imports, but price hikes for daily necessities and power are looming.

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