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Posted 3 years ago | 2 minute read

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Japan’s wholesale prices jump 10% as energy costs soar 

Japan’s wholesale prices in April jumped 10% from the same month a year earlier as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials. 

The surge in the corporate goods price index (CGPI), which measures the price companies charge for goods and services, marked the fastest year-on-year rise in a single month since comparable data became available in 1981. The gain followed a revised 9.7% increase in March and was higher than a median market forecast for a 9.4% increase. 

Earlier in May the Bank of Japan said the year-on-year rate of change in the consumer price index (CPI, all items less fresh food) is likely to increase temporarily to around 2% in fiscal 2022, owing to the impact of a significant rise in energy prices.  

GridBeyond Business Development Manager Shunsuke Amanai said: 

“Businesses have been trying to absorb the rising costs rather than pass them on, however, this will become increasingly difficult.  

“While the current economic situation is undoubtedly having a negative impact on many, it does provide an opportunity for businesses. Those that take stock of the way they produce and consume energy and create a future strategy that not only can reduce operating costs, but also generate revenues will be those that are able to maintain their competitive edge.  

“The energy crisis of recent sheds light on the role of demand side response, primarily for cost saving. Early adaptors are going above and beyond the cost saving. They are looking at monetizing the flexibly embedded in assets, with modern technology used widely abroad where the penetration rate of renewable energies is much higher than Japan.” 

Japan: Utilities Partnership Brochure

ユーティリティー・パートナー向けインテリジェン ユーティリティー・パートナー向けインテリジェント・エネルギー・サービスグリッドビヨンドとのパートナーシップにより、既存顧客からの収益機会を戦略的に拡大する方法をご紹介します。 GridBeyondは、単一のインテリジェントなエネルギープラットフォームでエネルギー使用の管理を自動化することにより、I&C顧客の収益を向上させ、価格設定の機会を最適化し、持続可能性を高めることができます…. 詳しくはパンフレットをダウンロードしてください。 Learn how GridBeyond benefits your utilities business

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