Will Raising Prices Become a Trend in 2022?

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Years of stagnant prices and wages have made Japan Inc nervous about charging more for fear of alienating shoppers and losing market share. But the weakening yen is further driving up costs adding to the inflationary pain following the pandemic.

Clothing retailer Uniqlo will have to raise prices of some products due to higher costs for raw materials and shipping, its owner recently said, becoming a high-profile example of Japanese firms throwing off a decades-old deflationary trend.

Learn more how Uniqlo owner is poised to hike prices in sign of shift for Japan.

from The Global Small Business Blog https://ift.tt/3A0yIjS