Yes, prices are up here, and I only just saw that supermarket prices for coffee have jumped considerably: what I used to buy for about ¥500 is now ¥800. And of course the price of rice has been in the news for much longer. Also the prices for condos in metro Tokyo.
Still, according to this, Japan has been fortunate.
(also, I wanted to add the flair "Inflation" but was not able to do so. So I chose a flair that included Expenses)
by upachimneydown
9 comments
Now look at real wages… dropping for years in Japan while most other developed countries see growth
Chocolate peanuts went from ¥99 to ¥160 in 3 years.
Lucky?
I know there was caocao shortage but this is also reflected in a lot of other produce too.
Inwent back home in may and honestly, not that much different on groceries in terms of change in past few years than Japan.
Idk how its being measured in Japan, but i can say as someone shopping daily for basics, shit has gone up significantly in 3 years.
Eggs, milk, rice. All the basics. The only thing stable, but has gone up just less, is raw chicken
Yeah, for so many years, we were spared but things are starting to bite. Everyone is raising prices: my barber, my regular restaurants, the dry cleaners, our local bus company, even my sons are asking for more cash, blaming inflation!!
The price for decent appliances, like washing machines, ovens, fridges here, was over the roof well before inflation, thanks to the local makers cartels.
Yes inflation is high in Japan, especially with the weak Yen (as everyone’s anecdotes are pointing out) It sucks, but like the OP said, it’s relatively low compared to other countries. As an American, I can attest to this. I don’t know how anyone afford to live in the US anymore.
This is not luck. This is strategic. People love to bitch on Japan’s economy but fail to realize there have been clever minds at work behind the scene for decades.
I bought a dishwasher like 7 years ago, before moving to Japan and leaving it to my parents, it was 21.000 my local currency. It recently broke and I googled exactly the same model, it was 141.000
Japan didn’t shutdown the entire economy and send people covid checks without any production to back it up.
In New Zealand, I always thought inflation was a meaningless statistic. It doesn’t include housing costs or petrol costs, which were my 2 biggest expenses.
Not sure if it’s calculated the same everywhere, but to say “wages have grown more than inflation” doesn’t tell the full story if wages have increased 50% and housing costs have more than doubled.
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