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Business trends

Inflation finally catches up to Japan, via Netflix and Apple

Stagnant wages squeeze purchasing power for customers and businesses alike

Customers look at an iPhone X in Tokyo in November 2017. The iPhone 12 Pro Max, the most expensive model currently on sale, costs nearly half the average monthly pay in Japan.   © Reuters

TOKYO -- Despite mounting concerns of inflation in the rest of the world, consumer prices and wages in Japan have both stubbornly resisted upward pressure for decades.

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