BOJ head: Inflation likely to accelerate gradually
NHK -- Jan 12
The governor of the Bank of Japan says he thinks consumer inflation will likely accelerate gradually on rising energy costs.
Kuroda Haruhiko made the comment in an online quarterly meeting of BOJ regional branch managers on Wednesday.
He said an expected recovery in demand following a resumption of economic activities was another factor to back up his view.
Kuroda said Japan's economy is picking up as a trend but remains in a severe state due to the impact of the pandemic.
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It can take 4 years to make one batch of barrel-aged soy sauce. The natural fermentation process was the norm in Japan for centuries, but when industrialization swept the nation, almost all the country's wooden barrels were replaced with steel ones.
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TIME - May 21
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marketwatch.com - May 19
TOKYO — Japan recorded a trade deficit in April as its imports ballooned 28% due to soaring energy costs and the yen’s weakness against the dollar.
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Japan is planning to open its first casino on 'Dream Island.'
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Hyundai Motor's latest electric vehicle that hit the Japanese market this month can travel 220 km on a five-minute charge, a far cry from the lengthy charging Japanese EVs require using low-output chargers.
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NHK - May 18
Japan's gross domestic product contracted an annualized 1.0 percent in real terms from January to March, compared to the previous quarter.
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Suntory hikes soft drink prices in Japan's latest taste of inflation
Nikkei - May 17
Suntory Beverage and Food, one of Japan's top sellers of soft drinks, will serve up its most wide-ranging price hike yet in a move expected to push rivals to follow suit in an industry squeezed by higher costs.
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Nikkei - May 17
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Japan wholesale prices hit record 10% as energy costs soar
Business Times - May 16
Japan's wholesale prices in April jumped 10 per cent from the same month a year earlier, data showed on Monday (May 16), rising at a record rate as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials.
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