FOCUS: Japan firms cautious on soaring raw material costs amid COVID-19

Economy

Surging raw material costs have become another headache for Japanese companies emerging from the shock of the coronavirus pandemic. Major manufacturers posted a solid recovery in the April-June quarter with exporters reaping the benefits of strong overseas demand in countries like the United States and China. But a cautious mood is prevailing among major firms about the outlook, trying to gauge how higher prices for energy, metals and other resources will impact their earnings in the months ahead. Economists say many Japanese companies are reluctant to pass on higher raw material costs to cons...

Kyodo News

Kyodo News