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Newest firstToday · Monday 26 October
- Asia-Pacific·News
Japanese firms break price-hike taboo to pass on rising labor costs
Japanese companies are increasingly raising prices to offset rising labor costs, breaking a long-standing reluctance to pass wage increases on to consumers. Curry chain CoCo Ichibanya raised prices on 12 toppings by an average 17% in September and added a 7% late-night surcharge, among other examples cited.