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Soaring costs push Japanese companies to raise prices after years of stagnation, deflation

Premium telescopes, violin bows and speciality paper are bucking a deflationary trend that has defined Japan for decades – all have had their prices increased by companies confident they can charge more without losing business.Years of stagnant prices and wages have made Japanese businesses nervous about charging more for fear of alienating shoppers and losing market share. Traditionally, firms have chosen belt-tightening in the face of rising costs.While the overall rise in prices is still…

Read the original article at South China Morning Post

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