Japan may face more price hikes for food, hot spring facilities, central bank says

Japan's central bank reports that firms, including food makers and hot spring facilities, are considering passing on soaring energy costs from the Middle East conflict to consumers. Many service-sector firms are now passing on rising raw material and labour costs, a shift from their long-held practice of keeping prices low. Rising energy costs are prompting firms to accelerate price increases, with some already deciding to raise prices at a faster pace, including those in the food industry and restaurants.