Photo taken yesterday (2025-02-08) at a supermarket in Kyoto, Japan.
Alt text: A picture of the eggs section in a Japanese supermarket. There’s a 10-pack of eggs going for 215 Japanese Yen, which is about 1.42 US dollars.
Photo taken yesterday (2025-02-08) at a supermarket in Kyoto, Japan.
Alt text: A picture of the eggs section in a Japanese supermarket. There’s a 10-pack of eggs going for 215 Japanese Yen, which is about 1.42 US dollars.
The crazy thing I used to pay about this amount ~200 yen 11 years ago. I lived in Japan from 2010 - 2014.
Japan was largely allergic to price increases, especially as wages remained largely stagnant. Corona began to see some things slide and Russia also had an impact that, coupled with a yen weakening compared to the dollar, basically opened the floodgates on price increases. It’s in the news basically every week now. Rice is double what it was a few years ago.
That’s one way to put it. This is another https://www.nomuraconnects.com/focused-thinking-posts/japans-three-lost-decades-escaping-deflation/
I remember that one company apologizing for a ten yen price increase on ice cream.