Daikin, Panasonic join in Japan's price hikes for appliances

Companies losing fight to keep goods cheap as materials and transport costs rise

20220730 Air Conditioner sales

Demand for air conditioners remains strong in Japan despite rising prices.  © Kyodo

YOSUKE KAWAJI and HISASHI IWATO, Nikkei staff writers

TOKYO/OSAKA -- The price hikes in Japan have spread to appliances including air conditioners, dishwashers and refrigerators, as companies such as Daikin Industries and Panasonic struggle with the surging costs of raw materials.

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