Today, the news of the sharp rise in the yen exchange rate has swept the entire circle of friends.
According to Japan's TBS, the yen rose to 145.97 yen per dollar against the dollar, which is also the highest level since February this year.
It rose by more than 3% in just one day.
On July 31, the Bank of Japan decided at its monetary policy meeting to raise the policy rate from 0% to 0.1% to around 0.25%. This is the first rate hike by the Bank of Japan since it ended its negative interest rate policy in March.
At the meeting, it was also decided to gradually reduce the amount of central bank bond purchases from the current monthly rate of about 6 trillion yen to about 3 trillion yen per month from January to March 2026.
Separately, Japan's Ministry of Finance said on July 31 that it used about 5.5 trillion yen (1 yuan about 20.68 yen) to intervene in the foreign exchange market between June 27 and July 29.
The volatility of the yen exchange rate has made the future even more unpredictable.
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Japan will see 642 food items increase in price in August
According to the latest release of the Imperial Data Bank, the results of a survey of 195 factories and companies show that 642 food items in Japan will see price increases in August.
Among them, the largest price increase is in processed foods, which will have 319 items, mainly due to the rising cost of wheat flour and other products.
Due to the increase in cocoa bean prices and logistics costs, the number of snacks such as chocolate will increase by as many as 128 kinds.
While the average increase rate of 12% is the lowest level this year, more than 2,000 food items are expected to increase in price from October.
After entering the autumn, it will usher in the peak period of price increase this year.