Majority of Japan's food, household goods makers plan 2023 price hike

Businesses struggle to absorb blow from rising costs, weak yen: survey

20230102N beer cans

Kirin Holdings, a major Japanese brewer, expects the cost of materials to climb 10% to 20% in 2023. (Photo by Yo Inoue)

YUSUKE YAGI, Nikkei staff writer

TOKYO -- Price increases are planned in 2023 at the majority of Japanese companies that produce food and other daily necessities, a Nikkei survey finds, with businesses caught between covering surging costs and keeping customers happy.

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