Japan’s economy rebounds on solid consumption, but omicron clouds outlook

Posted on by superadmin | 827 Views | 22 min read
Japan's economy grew an annualized 5.4% in the October-December quarter. | BLOOMBERG

PHOTO GALLERY (CLICK TO ENLARGE). Japans economy rebounded in the last 3 months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new omicron variant infections cloud the outlook.Some analysts anticipate the economy to agreement again in the present quarter as increasing COVID-19 cases and

Global inflation wave pushes up prices in Japan on everything from pasta to gasoline

Posted on by superadmin | 937 Views | 24 min read
A gas station in Nagano on Jan. 26. Late last month, the average cost of a liter of gasoline exceeded ¥170 for the first time in more than 13 years. | KYODO

The worldwide inflation wave is seeping into the Japanese economy, with high commodity and energy prices pushing up costs of everyday items, gasoline and power.Japanese business are generally hesitant to pass greater expenses on to price-sensitive customers, but more firms are obviously being forced to do so, as costs for a multitude of products are

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