Reported 11 months ago
The depreciation of the Japanese yen has led to significant inflation in Japan, impacting the cost of living for its people. With examples cited from Hokkaido, where subsidies for electricity and gas have been halted, causing increased living expenses, the prices of 417 food items surged in May. Imported olive oil, for instance, doubled in price, leaving many shocked. The continuous rise in prices along with increased living expenses have made it difficult for the Japanese populace, with even basic items like olive oil becoming unaffordable luxury goods, affecting households and restaurants heavily reliant on it.
Source: YAHOO