- Bird flu outbreak has led to a shortage of eggs in Japan, causing wholesale prices to double in February.
- Manufacturers are raising prices of products such as mayonnaise and tartare sauce by up to 21% from April.
- Consumer prices have risen 4.2% since January and real wages have declined by almost nine years.
- Shares of food companies are trading at more than double the regional peers and pressure on margins remain high.
Financial Times — Shares — Japanese Business & Finance — Retail Sector — Asia-Pacific Companies — World
Japan/eggs: mayonnaise crisis highlights food price pressures
Bird flu has caused food price pressures in Japan. Wholesale prices of eggs have almost doubled in February and prices for mayonnaise and tartare sauce are rising by up to 21%. Consumer prices and real wages are also affected.