Home » 2013 » June » 6 » Wine prices will increase because of weak yen
Wine prices will increase because of weak yen
14:54
Weak yen - is both good and bad for Japanese consumers. It revitalizes the stock market, but at the same time increases the price of food.
The leading wine producer in Japan because of a weaker yen in September, will raise the price of 800 names of the products.
Mercian company will raise prices by 3 - 8 percent. Increase will apply to imported wine and wine made in Japan using imported grape juice. This is the first price increase in nearly four years, which is made by the company, a member of the Kirin Group.
Company officials say that one of the reasons is poor grape harvest in France and Spain in the past year because of bad weather. They also refer to the increase in prices of imported products and raw materials caused by the weak yen.
