• Kyodo

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Over 40% of Japanese companies are set to raise prices within a year amid growing material costs caused by the COVID-19 pandemic and Russia’s invasion of Ukraine, a survey by a credit research firm showed.

In the Teikoku Databank Ltd. survey of 1,855 companies conducted early last month, 43.2% of the firms said they raised prices in April or will do so by the end of March next year.

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