The latest Reuters survey of corporate Japan:

  • 40% of Japanese firms plan to pass on rising global commodity costs to customers, 14% have already done so
  • 44% of firms raising wages this financial year and 42% to keep pay unchanged

On the currency

  • one third of firms see profits declining if current weaker yen of around 113-114 to the dollar persists

The weaker yen is a double-edged sword, its a positive for exports but not so much for importers.