Japan’s inflation driven by energy and commodity costs is said by Prime Minister Kishida

Japanese Prime Minister Fumio Kishida gave a lecture in front of the media at the official residence after the extraordinary session closed in Tokyo on December 21, 2021. (Yoshikazu Tsuno / Pool via Reuters)

Tokyo — Prime Minister Fumio Kishida said on Tuesday that the country’s recent price increases were primarily driven by rising energy and global commodity costs.

Fumio Kishida said, “It is desirable to create an environment where companies can pass on rising costs and raise wages, and that increased consumption will accelerate economic growth and inflation.”

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