Japan’s inflation driven by energy and commodity costs, says PM Kishida By Reuters

© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida speaks to the media at his official residence as an extraordinary session of the Diet was adjourned, in Tokyo, Japan December 21, 2021. Yoshikazu Tsuno/Pool via REUTERS / File Photo

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Tuesday that the recent rise in prices in the country was largely due to rising global energy and raw material costs.

“It is desirable to create an environment where businesses can pass on rising costs, raise wages, so that increased consumption drives economic growth and inflation,” Kishida told parliament.

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