Business | Mar 29

Toilet Paper Prices to Rise Again

FUKUOKA, Mar 29 (News On Japan) - Major paper manufacturers in Japan are set to raise prices on tissue and toilet paper by approximately 5% to 15% from April.

The price increases are attributed to the sustained high costs of imported raw materials and rising labor costs. Additionally, the introduction of regulations on overtime work for truck drivers starting next week, known as the "2024 problem," is expected to lead to an increase in logistics costs.

The price hikes starting in April are not limited to paper products. According to a survey by Teikoku Databank, approximately 2,800 food items, mainly ham and sausages, will see price increases.

Factors include the prolonged depreciation of the yen affecting import costs, the increase in logistics costs related to the "2024 problem," and rising labor costs due to wage increases, suggesting that the trend of price hikes is expected to continue.

MORE Business NEWS

A Breakthrough in Aquaculture: Mackerel that Produce Tuna

Novelist Hitoshi Mayama explores a groundbreaking next-generation aquaculture technology at Tokyo University of Marine Science and Technology with Professor Goro Yoshizaki. This innovative method allows desired fish species to be bred by transplanting their reproductive stem cells into surrogate fish.

Japanese Yen Slides to 34-Year Low, Hits 158 Against the Dollar

In a significant movement in the foreign exchange markets, the Japanese yen has once again depreciated, crossing the 158 mark against the U.S. dollar. This level marks the weakest the yen has been in approximately 34 years, signaling ongoing economic pressures and potentially major shifts in Japan's financial landscape.

Japan's Cabinet Approves Bill to Curb Tech Giants' Market Dominance

Japan's Cabinet has approved a bill designed to regulate tech giants to ensure fair competition in the smartphone business. (NHK)

POPULAR NEWS

Aomori Spring Festival Draws 80,000 to Giant Nebuta Parade

Temperatures soared to a summery 24.5C as the "AOMORI Spring Festival" kicked off, featuring a spectacular parade of giant nebuta floats that captivated spectators along the streets.

Japan's Main Opposition CDP Wins 3 By-elections

Three Lower House by-elections were held in Japan on Sunday. Candidates from the main opposition Constitutional Democratic Party have won all three seats. The results are expected to affect the management of the government led by Prime Minister Kishida Fumio. (NHK)

Black Bamboo Flowers Blossom Once Every 120 Years

In a rare botanical event, a photographer in Fukuoka captured the blossoming of bamboo flowers, a phenomenon said to occur only once every 120 years.

Godzilla Strikes Tokyo City Hall

The Tokyo Metropolitan Government building has been 'attacked' by Godzilla, brought to life through the world's largest projection mapping.

Japanese Yen Slides to 34-Year Low, Hits 158 Against the Dollar

In a significant movement in the foreign exchange markets, the Japanese yen has once again depreciated, crossing the 158 mark against the U.S. dollar. This level marks the weakest the yen has been in approximately 34 years, signaling ongoing economic pressures and potentially major shifts in Japan's financial landscape.

FOLLOW US