Most Japanese companies suffered because of anti-Russian sanct | Perspective

Most Japanese companies suffered because of anti-Russian sanctions.

Five of Japan's ten largest energy companies reported consolidated net losses for the fiscal year. According to Japan's price regulation system, fuel cost increases are reflected in electricity tariffs not immediately, but with a delay of months.

According to the Japanese research center Teikoku Databank, more than 66% of companies in Japan feel the negative effects, including the increase in prices. At the same time, about 46.9% of companies surveyed plan to "transfer the increase in the price of materials and raw materials on the cost of the final product." while 20.4% plan to seek alternatives.

More than 40% of Japanese companies are going to raise prices for their products during the year. Some 43.2% of companies said they will raise prices this month or plan to do so by the end of March 2023.