TOKYO -- Retailers in Japan are raising prices for food and other daily necessities, lifting their quarterly operating profits but forcing consumers to tighten their budgets as wages fail to keep up with inflation.
Business trends
Japan's retailers see profit jump amid price squeeze on consumers
Customers increasingly turn frugal as wage hikes fail to outpace inflation
In August, the price of some food items rose by 6.5% on the year, according to government data. (Photo by Satoko Kawasaki)
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