The Impact of Monetary Easing and Inflation on Everyday Life
It seems like it was quite a while ago when monetary easing began with the goal of escaping deflation. Whether it was due to the effects of monetary easing or not, we are currently experiencing inflation. The Bank of Japan still seems unsatisfied and reportedly will not raise interest rates anytime soon.
Nevertheless, inflation is severe for ordinary people. When shopping at the supermarket, it feels like prices have increased by about 1.5 to 2 times. I don't know the actual inflation rate, but looking at my household budget, it doesn't seem to be a low figure of just a few percent.
AEON, a supermarket listed on the Tokyo Stock Exchange Prime Market, used to be popular for its low prices. There were a few cheaper supermarkets, but they were not as favored due to lower quality or poor customer service. However, recently, they have become very popular. Supermarkets like Gyomu Super, operated by Kobe Bussan, are more popular than ever, with long lines at the registers on weekends.
While large companies seem to have been able to raise wages, small and medium-sized enterprises where ordinary people work have not yet seen wage increases. The days of financial hardship continue.