Japan Energy Bills to Hit Highest in at Least 5 Years, NHK Says

Japan’s electricity bills are poised to jump to the highest in at least five years on the back of expensive fuel imports, according to the country’s national broadcaster, further stoking consumer inflation fears.

Power providers around the world are grappling with sky-high fuel prices amid a global energy crunch, and are now being forced to pass those costs onto customers -- or else go bust. Governments are starting to take action, providing relief for households and businesses stuck with the expensive bills.