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Japanese Firms Facing Strongest Cost Pressure Since 1980

Fuel pump nozzles at an Eneos gas station in Tokyo.
Fuel pump nozzles at an Eneos gas station in Tokyo.Photographer: Toru Hanai/Bloomberg

A measure of costs for Japanese companies jumped the most since December 1980, adding further pressure on companies to consider raising prices for consumers. 

Japan’s price index of corporate goods rose 9% in November from a year earlier as the pace of gains accelerated from the previous month, according to a report by the Bank of Japan on Friday.