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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.

Still, cracks are starting to emerge as overseas businesses from Netflix to steelmakers shed light on how Japan's deflationary spiral could hurt both its consumers and businesses.

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