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WASHINGTON (Reuters) - The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage and possible evidence that overall inflation may become more persistent than thought, according to a new report from tech giant Adobe.
After spending August experimenting with a four-day work week in a country notorious for overwork, Microsoft Japan said sales per employee rose 40% compared with the same month last year.
The spread of online shopping in Japan is dragging down consumer inflation, the central bank said, highlighting the "Amazon effect" on prices and the challenges policy makers face as they try to pull the world's third-biggest economy out of years of stagnation.
Have you needed to use your high school chemistry recently? Anyone asked you lately who won the US-British war of 1812? Probably not.