* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Analysis

July 11, 2023
in Business
Analysis
Share on FacebookShare on Twitter

2/2

Analysis - Japan's changing views on price hikes open door for BOJ policy tweak
© Reuters. A woman looks at items at a shop in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou

2/2

By Tetsushi Kajimoto and Leika Kihara

TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retailers were once too afraid to raise prices on and paving the way for the central bank to finally unwind its massive monetary stimulus.

The world’s third-largest economy is seeing early signs of demand-driven inflation with an increasing number of hotels, restaurants and retailers now charging more for services – without losing consumers who are willing to pay more on prospects of higher wages.

At Ougatou Hotel in northern Japan, the fastest selling rooms are the luxury suites with a private bath overlooking the mountainous surroundings – despite costing double the fee for a standard room and a 5% increase in charges that began in May.

“Thankfully, higher prices haven’t affected our business much with rooms fully packed through November,” Hiroki Wakita, a staff at the hotel, told Reuters.

French restaurant Robuchon in Tokyo has a waiting list of two months even though it hiked the price of its set menu dinner, which now costs up to $400 per person.

Ukai, a traditional Japanese restaurant near the landmark Tokyo tower, now charges up to 22,000 yen ($156) for its set menu, 24% more than last November.

“There’s no doubt rising wages and bonuses are among factors prodding customers to come dine with us despite the price hikes,” said Ukai manager Yuka Hoshino. “Our customers no longer think price hikes are something special.”

The broadening in price increases from goods to services highlights a turning point in Japan’s economy, where stagnant wage and services price growth has kept inflation subdued for more than two decades.

It is also drawing the attention of the Bank of Japan (BOJ), which is shifting away from its view the recent cost-driven inflation will prove temporary.

The BOJ is starting to drop signs that inflation is increasingly driven by improving consumer demand which, if sustained, could give new Governor Kazuo Ueda justification to pivot away from his predecessor’s massive monetary stimulus.

“Consumption and wages are rising. The mood is clearly changing,” said a source familiar with the BOJ’s thinking.

“Japan is seeing early signs of progress in achieving inflation accompanied by higher wages,” another source said, a view echoed by two more sources. “The next key question is whether this becomes a trend.”

DIFFERENT KIND OF INFLATION

Japanese wages have barely risen in the past decade, bogged down by entrenched expectations of weak inflation.

However, those views have since changed after firms began passing on a spike in raw material costs, which pushed inflation above the BOJ’s 2% target and kept it there for more than a year.

Services prices rose 1.7% in May from a year earlier with the cost of dining up 7.1% and leisure by 3.1%, data showed.

In a survey in April, 86 dine-out chains – or 70.4% of the total – hiked prices at least once since 2022, citing rising raw material and labour costs, Tokyo Shoko Research said.

Workers’ pay is also starting to rise. After agreeing to hike wages at the fastest pace in three decades this year, firms will remain under pressure to keep hiking pay next year due to a tight job market, analysts say.

A survey in April showed 85.2% of hotels and 78% of restaurants complained of labour shortages, up from 77.3% and 56.1%, respectively, from a year ago, Teikoku Databank said.

Prospects of higher wages are emboldening consumers.

Akihito Sato said the food company he works for had hiked wages this year. “I bought a new set of golf clubs. That was a big treat to myself,” he told Reuters while strolling the upscale shopping district of Ginza.

“I certainly feel the positive effect of wage hikes is spreading. My dad, for one, got a pay raise this year and bought a new car for himself and another for my brother,” said Shohei Kanai, a 21-year-old student who himself expects a pay hike.

The BOJ is changing its tone on the drivers of inflation and how they see progress made in sustainably hitting 2% inflation.

Deputy Governor Ryozo Himino said recent price rises were stronger than previously projected and inflation expectations were moving up – and import costs weren’t the only reason.

At the BOJ’s June meeting, some board members saw upside risks to inflation with one saying increases in prices and wages are “becoming more embedded in corporate behaviour,” a summary of their opinions showed.

“It’s clear the nature of inflation is beginning to change with more and more service-sector firms raising prices, something we haven’t seen up until the past few months,” said former top BOJ economist Seisaku Kameda.

“The rise in service prices is broadening, probably more than the BOJ had expected. Japan may be on the cusp of seeing the wage-inflation cycle the central bank had hoped to achieve.”

($1=140.7800 yen)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/analysisjapans-changing-views-on-price-hikes-open-door-for-boj-policy-tweak-3122844

Tags: AnalysisbusinessJapan’s
Previous Post

BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024: Reuters poll

Next Post

The elusive U.S. recession and its ‘misleading’ indicators: McGeever

‘Rewilding’ promoted as key contributor to conservation efforts – China Daily

How ‘Rewilding’ is Revolutionizing Conservation Across the Globe

October 16, 2025
Arkansas students invited to join 2026 Soybean Science Challenge – KATV

Arkansas students invited to join 2026 Soybean Science Challenge – KATV

October 16, 2025
Free Homeschool science event Nov. 5 in West Bend, WI with author Michael Lane – Washington County Insider

Join Author Michael Lane for a Fun and Free Homeschool Science Event on Nov. 5 in West Bend, WI!

October 16, 2025
My standoff with the Bay Area’s most intimidating new sandwich – Yahoo

My Showdown with the Bay Area’s Most Intimidating New Sandwich

October 16, 2025
A Nobel Prize for explaining when technology leads to growth – NPR

Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

October 16, 2025
Sports/Rec calendar: Oct. 17–26, 2025 – Cascadia Daily News

Don’t Miss These Thrilling Sports and Recreation Events Happening October 17-26, 2025!

October 16, 2025
Task Force Urges World Bank and International Monetary Fund to Prioritize Climate, Restructure Lending Policies – Inside Climate News

Task Force Urges World Bank and IMF to Prioritize Climate Action and Overhaul Lending Policies

October 16, 2025
Opinion: California’s two-tier economy mirrors UK’s ‘Upstairs, Downstairs’ past – Times of San Diego

How California’s Two-Tier Economy Echoes the UK’s ‘Upstairs, Downstairs’ Divide

October 16, 2025
This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

This Haunting ’60s Country Song Will Break Your Heart All Over Again

October 16, 2025
Iron County nonprofit connects public to health experts – Upper Michigan’s Source

Iron County Nonprofit Connects Community with Health Experts to Improve Well-Being

October 16, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (870)
  • Economy (891)
  • Entertainment (21,763)
  • General (17,626)
  • Health (9,933)
  • Lifestyle (904)
  • News (22,149)
  • People (892)
  • Politics (901)
  • Science (16,102)
  • Sports (21,391)
  • Technology (15,871)
  • World (874)

Recent News

‘Rewilding’ promoted as key contributor to conservation efforts – China Daily

How ‘Rewilding’ is Revolutionizing Conservation Across the Globe

October 16, 2025
Arkansas students invited to join 2026 Soybean Science Challenge – KATV

Arkansas students invited to join 2026 Soybean Science Challenge – KATV

October 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version