Price pressure: Customers at a restaurant in Tokyo’s Shimbashi area. The BoJ is on the cusp of raising its inflation forecast to 1.5% to 1.9% for the current fiscal year, compared with a 1.1% forecast in January. — AFP
FOR the first time in a generation, there’s a hint of inflation in the air in Japan.
It smells a lot like fried chicken. The 10% price hike for convenience-store chain Lawson Inc’s Karaage-kun fried chicken wouldn’t normally make headlines.
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