Business | May 26

Tokyo consumer prices up 3.2 percent in May as food costs jump

TOKYO, May 26 (NHK) - Overall prices in the Japanese capital remain high as people continue to pay more for food and some services.

Tokyo's consumer price index is released ahead of figures for all of Japan. It is considered to be a leading indicator of inflation nationwide.

The internal affairs ministry says the index for Tokyo's 23 wards in May rose 3.2 percent from a year earlier. The figure excludes prices of fresh food as these fluctuate widely according to the weather.

The index was down 0.3 points from April. It is first time the figure has slowed in 2 months.

Prices of food, excluding fresh items, soared almost 9 percent from a year earlier. They continue to rise at the fastest pace since June 1976. ...continue reading

Source: ANNnewsCH

MORE Business NEWS

Uniqlo Sells Second-Hand Clothes in Kyushu

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

Japanese Stock Splits Bolstering Market Values

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

Logistics Crisis 2024: Bus Tours and Strawberry Shipments Impacted

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.

POPULAR NEWS

Police Bust Syndicate Pimping Japanese Women to U.S.

Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

Japan Launches First New Whaling Boat in 73 Years

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

LDP Youth Chief Disciplined in Bikini Dancer Crackdown

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Japan's Oldest Student Dorm Becomes Battleground

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

Cabin Crew Injured on Melbourne-Narita Flight

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.

FOLLOW US