>Nearly a quarter of major companies in Japan are considering raising the prices of their products next year or later due to increasing material costs and a weaker yen, a Kyodo News survey showed Sunday.
>Of the 80 companies surveyed, including Toyota Motor Corp., Nintendo Co. and Shiseido Co., 23 percent said they are mulling price hikes on consumer products, while 49 percent said they were undecided about doing so.
>Among multiple answers on why they are thinking of a price hike, many cited the rising costs of materials, followed by an increase in shipping costs and the yen’s depreciation.
>The survey, conducted from Nov. 7 to 21 on 107 companies, of which 80 firms responded, also found that 15 percent did not reveal their decision on whether a price increase is in the works.
>The survey results were released as consumer prices in November in Tokyo gained 3.6 percent from a year earlier, marking the steepest rise since 1982 amid higher energy and food prices that increasingly squeeze household budgets, according to government data released Friday.
>The inflation data for Tokyo is seen as an indication of what to expect nationwide.
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>Nearly a quarter of major companies in Japan are considering raising the prices of their products next year or later due to increasing material costs and a weaker yen, a Kyodo News survey showed Sunday.
>Of the 80 companies surveyed, including Toyota Motor Corp., Nintendo Co. and Shiseido Co., 23 percent said they are mulling price hikes on consumer products, while 49 percent said they were undecided about doing so.
>Among multiple answers on why they are thinking of a price hike, many cited the rising costs of materials, followed by an increase in shipping costs and the yen’s depreciation.
>The survey, conducted from Nov. 7 to 21 on 107 companies, of which 80 firms responded, also found that 15 percent did not reveal their decision on whether a price increase is in the works.
>The survey results were released as consumer prices in November in Tokyo gained 3.6 percent from a year earlier, marking the steepest rise since 1982 amid higher energy and food prices that increasingly squeeze household budgets, according to government data released Friday.
>The inflation data for Tokyo is seen as an indication of what to expect nationwide.