September 01, 2013

Japanese consumer prices rose 0.7 percent in July, wages have not yet risen

Picture: Japanese customers yet to feel benefits of inflation in their daily lives

" Japanese consumer prices increased 0.7 per cent last month from a year earlier....The higher prices are causing households more pain than gain because Japanese wages have barely changed. Unless companies boost compensation, consumers may not feel the benefits of inflation"

Source: Higher energy prices push Japan's CPI up
By Takashi Nakamichi
The Wall Street Journal
The Weekend Australian Newspaper
August 31- September 1st 2013, page 28

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