Amazon Japan Raises Prime Membership Price for First Time in 11 Years
- Higher labor, logistics costs have led to rising prices
- Membership program in Japan still costs less than U.S.
Photographer: Kazuhiro Nogi/AFP via Getty Images
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Amazon.com Inc. is raising the price of its Prime service in Japan for the first time since launching the membership service in the country 11 years ago, citing rising costs.
The annual price for the shipping, video-streaming and array of other services will go up by 26 percent to 4,900 yen ($44) starting from Friday, the Seattle-based company said in a statement Friday. Fees for monthly users will go up by 100 yen to 500 yen per month.