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Volkswagen, Mercedes and Jeep hike Japan prices as costs soar

Weak yen and commodities rally put pressure on domestic players to follow suit

Mercedes-Benz raised the price of its EQC400 electric car by more than $5,000 in Japan.   © Mercedes-Benz Group

TOKYO -- Imported cars are starting to carry bigger price tags for Japanese drivers, as foreign automakers like Volkswagen and Mercedes-Benz Group pass on higher material and transport costs.

The increases by manufacturers including the two German companies as well as France's Renault do not fully reflect developments such as the war in Ukraine and the yen's recent nosedive.

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