Consumer prices could rise next year, erasing Takaichi’s consumption tax cut
Prices rose for 4,965 food and beverage items in September, more than triple the number from a year earlier. (Nikkei montage)
HISASHI TSUTSUI
October 29, 2026 05:51 JST
TOKYO — Japan could be in for a second wave of surging food prices as the continuing Middle East turmoil drives up prices for naphtha-derived container feedstocks and freight rates for crude oil tankers.