• By The Financial District

Bread, Cooking Oil, Other Household Staples Up In Japan

Prices for bread, cooking oil, and other products people use in their daily lives are going up one after another in Japan, placing a heavy burden on household spending, according to Mainichi Shimbun report.

Photo Insert: A Japanese bread brand

How far can prices on goods rise, and what effect will this have on living standards?

"I feel like everything except vegetables is getting more expensive. It's difficult for people living on their pensions," said a woman in her 70s out shopping at the main branch of supermarket Akidai Sekimachi in Tokyo's Nerima Ward.

She said she had felt strongly that many goods, including bread and cooking oil, had gone up in price recently.

She lives with her husband. Although they were making efforts to save by using frozen foods that can be eaten little by little while staying good, she couldn't hide her concern: "It seems all sorts of things are going to get more expensive. If prices get much higher, I'll reach my limit on what I can do."

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Supermarkets, too, are struggling with what retail prices to set for the increasingly expensive products they stock. Hiromichi Akiba, head of the Akidai chain, expressed frustration: "Gasoline has gotten expensive, and transport costs have risen. It's quite difficult. But if prices keep going up then we might lose customers."

Price revision announcements from food manufacturers and restaurant chains are coming steadily. Nisshin Seifun Group's Nisshin Foods Inc. has revealed that from January 2022, 151 of its products -- including home flour goods and others -- will have higher price tags.

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