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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.

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