While tepid by the standards of many countries, this is acutely felt in Japan, where wages have remained stagnant and government policies to encourage companies to raise salaries have been largely ineffective.
The rapid depreciation of the yen, which fell to a 24-year low of 136.74 against the greenback in New York trading on Tuesday , has also increased the cost of imported products. Seven in 10 respondents in a public opinion poll by the Nikkei last weekend said they did not approve of how Prime Minister Fumio Kishida is handling inflation.
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