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Japan firms reluctant to pass on price hikes
... prices that are an essential part of a virtuous spending cycle that drives economic growth, especially as the population ages and declines. There are signs that even Japan Inc may be nearing a tipping point, as soaring raw material costs and a weak yen drive up what companies pay for fuel, coffee beans and beef https: www.reuters. Article Japan -economy inflation-idCAKBN 2 H 402 I. A recent Reuters poll showed that only 14% of Japanese firms have passed on higher costs to customers, but another 40% say they plan to, according to a recent poll. Food companies aren't willing to pass on costs, according to the survey, reflecting their fear of alienating shoppers. As the price ...
Updated: 12/05/2021
Stocks set to start the week under pressure from inflation data, risk aversion grips markets
... it is too early to be certain. Moderna Inc. President Stephen Hoge said there was a real risk that existing vaccines will be less effective against omicron. For more market analysis, read our MLIV blog. Some of the biggest moves in markets are: The Japanese yen was at 112.84 per dollar. The offshore yuan was 6.3748 per dollar. The Bloomberg Dollar Spot Index was little changed on Friday. The yield on 10 year Treasuries declined by 10 basis points to 1.34%, down 10 basis points from a year ago. None The Fall ...
Updated: 12/05/2021
Stocks set to start the week under pressure due to inflation, omicron
... to be certain. Moderna Inc. President Stephen Hoge said there was a real risk that existing vaccines will be less effective against omicron. You can read more market analysis on our MLIV blog. Some of the biggest moves in markets are: None of the Japanese yen was at 112.84 per dollar. The offshore yuan was 6.3748 per dollar. None The Bloomberg Dollar Spot Index was little changed Friday. The yield on 10 year Treasuries declined by 10 basis points to 1.34%, down 10 basis points. None The Fall of a Russian ...
Updated: 12/05/2021
Japan firms to raise wages despite tax breaks: survey
... government is planning to introduce next fiscal year, according to a survey by a credit research company. Nearly half of Japanese firms will raise wages even though there are no more tax incentives for company pay hikes that the government is planning ... ... tax breaks. Nearly 90 percent of those surveyed were medium-sized companies, such as those with a capital of up to 300 million yen or up to 300 employees. The figure was 53.6 percent among large companies, compared to 47.9 percent among small and medium-sized ...
Updated: 12/05/2021
Meat vending machine installs vending machine to offer local pork products
... clock after installing a meat vending machine in front of its store. The vending machine was installed outside Kondo Swine Pork's main branch in the Gunma Prefecture capital of Maebashi on Nov. 29, a date otherwise known as good meat day because in Japanese 11 and 29 can be pronounced as ii niku good meat in English. The company sells eight types of products ranging from $6.20 to 1,950 yen some $17.20 including sausages, bacon, and barbecue ingredients sets, which are provided in anticipation of demand from campers on nearby Mount Akagi . Since 2014, the company keeps 3,000 pigs and has been offering products including additive-free ...
Updated: 12/05/2021
Fed may not accelerate taper, but it could be months before
... information on Omicron is irresponsible and hasty, said Hayes, referring to the new, highly contagious COVID-19 variant. The dollar index rose 0.1% to 96.214 in the early morning. The euro was slightly down at $1.1296. The dollar was up 01% against the yen at 113.355.
Updated: 12/03/2021
Asian stocks mostly higher on Omicron news
... Seng in Hong Kong was pooer, down 51 points in late afternoon trading. The foreign exchange market was quiet with the U.S. dollar holding the upper hand. The euro fell to 1.1297 around the Sydney close Friday. The British pound fell to 1.3296. The Japanese yen dropped to 113.23. The Swiss franc was slightly changed at 0.9206. The New Zealand dollar was down to 0.6801 at the beginning of the day. Overnight on Wall Street, the Dow Jones Industrial Average bounced back 617.75 points or 1.82 percent to close ...
Updated: 12/03/2021
Shrinkflation is a reality for Japan firms
... prices that are an essential part of a healthy spending cycle that drives economic growth, especially as the population ages and declines. There are signs that even Japan Inc may be nearing a tipping point, as soaring raw material costs and a weak yen drive up what companies pay for fuel, coffee beans and beef https: www.reuters. Is there any inflation-ID in the Japanese -economy of Japan ? CAKBN 2 H 402 I. According to a recent poll, only 14% of Japanese firms have passed on higher costs to customers, while another 40% say they plan to, according to a recent Reuters poll. The survey shows that food companies ...
Updated: 12/03/2021
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