Japan’s retailers struggle to raise prices, even as economy gains momentum

This predicament could undermine the sustainability of Japan’s recovery and highlights just how difficult it will be for the central bank to even get close to its 2 percent inflation target any time soon.Many retailers see lower prices as essential to appealing to Japan’s thrifty consumers. The nation’s biggest retailer Aeon Co. said its price cuts on own-brand groceries actually boosted …

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