30 November 2022 | Macroeconomics

Bank of Japan notes the rise in prices of many goods in a once deflationary country

The Bank of Japan released the research note due to the growing inflationary pressure. It says that more Japanese firms raise prices. This situation occurs even in spheres that were rarely passing the cost on to customers. 

Analysis of BOJ’s quarterly report showed that the prices had grown in many fields. The note indicates that the price spike affected even drug stores and electronic goods. These fields were traditionally attracting clients with big discounts. 

Also, the research note indicates that sudden price growth for commodities forced some companies to increase prices for the first time in 30 years.

Such documents are drawn up by BOJ’s employees. They don’t reflect the official position of the central bank. However, they often cover topics that are important for monetary policy decisions.

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