December 10, 2014

Japanese consumers worried by rising prices caused by the dropping value of the yen

Japanese Instant Noodle meal Copyright Peter Hanami 2010

Picture: Japanese Instant Noodle meal



"There is mounting public frustration about rising prices partly caused by the plunging value of the yen against the US dollar....Japanese consumers are struggling...consumers account for nearly two-thirds of the nation's gross domestic product, and many feel vulnerable"



Source: Japan rings the yen alarm, claiming the pace of decline has been too quick
By Mitsuru Obe
The Wall Street Journal
The Weekend Australian
November 22-23rd, 2014, page 28

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