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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.