Business | Feb 27

Inflation Eases as Japan's Consumer Price Index Grows 2.0% in January

The Ministry of Internal Affairs and Communications announced that the national consumer price index for January, excluding the volatile prices of fresh food, rose 2.0% compared to January of last year.

However, the growth rate has been shrinking for three consecutive months.

The item with the largest increase was accommodation charges, which rose by 26.9% due to a surge in demand from an increase in foreign visitors.

Food prices saw a 6.6% increase in prepared foods such as curry and a 9.6% rise in sweets like ice cream.

On the other hand, electricity charges decreased by 21.0%.

Source: ANN


MORE Business NEWS

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.

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.

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

POPULAR NEWS

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.

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.

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

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.

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