In order to alleviate the plight of the Japanese people, Kishida Fumio began to implement the New Economic Policy.
Recently, according to Japanese media reports, Japan's inflation rate is increasing due to factors such as rising raw material prices and the depreciation of the yen.
At the same time, the rise in production costs such as raw materials has also led some companies to raise commodity prices, which in turn has caused rising prices in Japan, causing a serious burden on the lives of Japanese people.
According to data, more than 4,500 kinds of goods will be added to Japan's price increase in October, and it is expected that the variety of goods that will increase prices will exceed 31,000 in 2023, which will undoubtedly further increase the consumption pressure of the people.
Compared with rising prices, Japanese people's wages have shown a downward trend, and according to data released by the Ministry of Health, Labor and Welfare, as of July, people's real wage income has decreased for 14 consecutive months.
On the one hand, rising prices and on the other hand, wages that do not increase but fall, which has led many Japanese to apply for a minimum living guarantee.
In view of the current situation in China, Japanese Prime Minister Fumio Kishida began to introduce a series of economic policies, hoping to minimize the consumption pressure of the people through measures such as raising salaries, subsidizing electricity bills and gas bills.
It is reported that the public disapproval rate of Kishida's government has also reached 48.3%, so Kishida's move may also be to increase the support rate, but in the case of rising inflation, it is uncertain whether the new economic policy will work, and whether the support rate can be improved also needs to be verified.
While Japan's economic growth is slowing and people's purchasing power is declining, South Korea's economy seems to be about to surpass Japan's.
According to some data, Japan's per capita GDP in 2022 is about 33,800 US dollars, and South Korea's is about 32,800 US dollars, compared with twice that of South Korea a decade ago.
#Japan##Japan Prices##日本物价上涨 More than 18,000 food items have increased in price#
