JJapan News

Japan to cut household electricity bills by 20% to fight inflation


Japan to cut household electricity bills by 20% to fight inflation

https://english.kyodonews.net/news/2022/10/8e9465d474ed-japan-to-cut-household-electricity-bills-by-20-to-fight-inflation.html

5 comments

  1. If they can afford to cut electricity bills by 20%, then how are the usual rates not extortionist pricing?

  2. But the issue isn’t inflation. As a matter of fact inflation in Japan just recently got to normal levels for other developing countries sans current events.
    The issue is depreciation of the currency by something close to 40%, which is driving up staple imports like i don’t know, *oil and natural gas*. Japan currently imports nearly 90% of its energy which is why they’re focusing so hard on electrical costs because they’re what’s jumping up the fastest most likely.
    The problem is, once they start injecting this money into the system in an effort to lower energy costs in the short term, they WILL drive inflation up later

Leave a Reply
— Previous article

Russian hackers say Japan hospital paid $30,000 in ransomware attack
Next article —

Focus on a few cities or Shinkansen all the way up the country?

You May Also Like