Salt prices to rise for the first time in three decades
Japan Times -- Nov 14
For the first time in almost three decades the Salt Industry Center of Japan has announced it will raise the price on many of its products by around 15 percent, indicating inflation has finally arrived in at least some industries.

“Costs have been rising for a long period of time so this year we finally had to raise the price,” a spokesperson for the center said Tuesday in a phone call with The Japan Times.

The organization, which sells a salt shaker found on many Japanese kitchen tables and restaurants, said that in April the price for a 300-gram pack of table salt will rise to ¥153, from ¥144.

Other prominent food suppliers appear to be following a similar path. On Monday, Nippon Flour Mills Co. announced it will increase prices for flour by 1 to 3 percent in January.

But despite these price hikes, the overall economy remains mired in sluggish inflation.

According to the Internal Affairs and Communications Ministry, the core consumer price index, excluding the effects of volatile energy and food, inched up by only 0.4 percent in September on a year-on-year basis.

News source: Japan Times
May 03
Finance ministers and central bank governors of the ASEAN states, along with Japan, China, and South Korea say they will discuss a plan to incorporate Japanese and Chinese currencies in a swap program to ensure financial stability in the region. (NHK)
Mar 26
Tokyo's benchmark Nikkei Average saw its biggest fall of 2019. The drop followed a plunge on Friday on Wall Street that came amid new worries of an economic slowdown. (NHK)
Mar 20
As trade talks between Japan and the US look likely to start soon, and the price of oil drops in Japan, the value of the Yen is increasingly under threat of deflation. (newsonjapan.com)
Mar 20
The average price of all types of land in urban areas rose last year for the first time since 1992 as the growing influx of foreign tourists rejuvenated real estate investment, the government said Tuesday. (Japan Times)
Mar 19
The Japanese economy will likely once again be assessed as "recovering at a moderate pace" in the government's monthly report due out Wednesday, which also will note potential risks from overseas economies. (Nikkei)
Mar 16
Japan will tighten oversight of pay for foreign employees through ordinances issued Friday, aiming to address major concerns over working conditions as the country prepares to accept more labor from abroad starting next month. (Nikkei)
Mar 09
Since the 2008 global financial crisis, expansionary monetary policy has been the order of the day in most of the major advanced economies. (Japan Times)
Mar 08
Chief Cabinet Secretary Yoshihide Suga denied a media report Thursday that the government is considering introducing a minimum wage for specific industrial sectors that would apply to workers nationwide, regardless of where they live. (Japan Times)
Mar 04
The inflation outlook is looking dismal for the Bank of Japan as cheaper oil and falling mobile phone charges threaten to push price growth toward zero by mid-summer. (Japan Times)
Mar 02
Japanese employees and companies are expected to continue shouldering a relatively high ratio of taxes to income. Officials say that on average, 42.8 percent of income will go to taxes and social welfare premiums in fiscal 2019. (NHK)