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Impact of new coronal infections

2020-03-26T02:36:40.375Z

Last month, the price of services offered to businesses rose compared to the same month of the previous year, but the impact of the spread of the new coronavirus…



Impact of the spread of the new corona infection Service prices, such as lodging, fell March 26, 11:34

Last month, the price of services offered to businesses rose compared to the same month in the previous year, but the spread of the new coronavirus caused prices such as lodging and international passenger transport to fall. As a result, the overall increase in the index narrowed for the first time in seven months.

The BOJ conducts monthly surveys on the prices of 146 services provided to companies based on written and interviewed companies in order to monitor domestic price trends.

That said, last month's business services price was 104.7, an index that averaged 100 in 2015, 2.1% higher than the same month in the previous year.

This is because labor costs, etc., continue to rise.

However, the rise was down 0.2 points from the previous month, narrowing for the first time in seven months.

This is due to the spread of the new coronavirus, which has seen hotel and hotel accommodation prices fall by 6.7% compared to the same month in the previous year and international passenger prices have fallen by 7.3%. Thing.

The Bank of Japan said, "I would like to watch how the spread of the new coronavirus virus in Japan and overseas this month will affect the price of services for businesses."

Source: nhk

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