Reported 2 months ago
A recent government report warns that a weak yen is negatively affecting Japanese households, leading to decreased consumer sentiment and eroding purchasing power due to rising inflation. The report attributes this decline partly to increased food prices and higher import costs, marking a shift in economic conditions since the former administration's 'Abenomics' policies improved household sentiment in 2013. The government's concerns are amplified by the potential overshoot of inflation as wages fail to keep pace with rising costs, particularly for smaller firms impacted by higher raw material prices.
Source: YAHOO