Japanese F&B companies will hike prices on over 4,000 products today to offset cost surges throughout supply chains, including rising energy bills, labor expenditures, and raw material prices. The government is responding to the situation by passing new laws compelling farmers to increase the production of staple crops like rice. Teikoku Databank, a credit research company based in Tokyo, recently found from a survey of 195 F&B companies that 4,225 products will have price hikes — the biggest single price rise in 18 months.
