According to the Vietnam News Agency correspondent in Tokyo, on January 20, the Ministry of Internal Affairs and Communications of Japan (MIC) announced that in December 2022, the country’s basic consumer price index (CPI) increased by 4% over the same period. period last year, mainly due to rising food and energy import prices. This is a record high since 1981 and the 16th consecutive month the index has risen.
Previously, in November 2022, this index broke the 40-year record high when it increased by 3.7%.
Specifically, during the reporting period, food prices, excluding fresh food items, increased by 7% over the same period last year. This shows that more and more companies are shifting the cost burden to consumers by retail price increase.
[Lạm phát ở Nhật Bản tăng mạnh nhất kể từ năm 1981]
Besides that, energy prices also increased by 15.2% over the same period last year, of which gas and electricity prices in urban areas increased strongly, 33.3% and 20.1% respectively, and kerosene prices increased by 4 .7%, gasoline price increased by 1.6%.
Thus, inflation in Japan has increased for the 9th consecutive month, higher than the target figure of 2% of the Bank of Japan (BOJ). For the whole year of 2022, Japan’s core CPI increased by 2.3% year-on-year.
Before that, the BOJ still thought that Inflation in Japan Currently, mainly due to cost-promoting and will not last, the Central Bank will continue to maintain a super-loose monetary policy in order to achieve a stable and sustainable inflation target.
However, at the end of December 2022, the BOJ surprised the market by doubling the 10-year Japanese Government bond (JGB) yield range to ±5%, a move that Many investors see it as no different from the BOJ raising interest rates.
Dao Thanh Tung (VNA/Vietnam+)
