Companies in Japan with price hike plans between April this year and around June next year, including those that have already implemented such plans, accounted for 68.5% of 1,701 firms surveyed this month by credit research company Teikoku Databank Ltd.
With the yen’s weakening helping to accelerate price increases of raw materials and other items companies procure, many firms said they were no longer able to absorb the costs, according to a survey released by Teikoku Databank on Wednesday.
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 this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
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.