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Reuters
Reuters
Business
By Tom Bateman and Rocky Swift

Japan's wine tipplers see glass half empty as weak yen pushes prices higher

Imported wines from different countries, including the U.S., are displayed at the wine shop 'Wine and Weekend' in Tokyo, Japan October 21, 2022. REUTERS/Issei Kato

The weak yen forced Suzy Iwamoto to raise prices on imported wines at her bar and bottleshop in Tokyo by about 10% last month, and she fears more hikes may be inevitable after the yen plumbed levels this week that were last seen 32 years ago.

On Friday, a day after the yen slid past 150 per dollar, the government reported that core consumer inflation hit an eight-year high of 3.0% in September.

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