JAPANESE FOOD FIRMS FACING PRICE PRESSURE
March 1st, 2010
BY GAVIN BLAIR
JAPANESE food companies are planning to further reduce prices, under pressure from retailers, according to a survey by leading business daily, the Nikkei. It has forecast that 40% of food and daily goods firms plan to cut prices in the coming financial year - beginning March. Also, 61% are looking at mergers and acquisition activity either domestically or in Asia. With weak consumer demand and Japan stuck in a deflationary rut, two-thirds of food makers said that retailers were asking them to increase sales incentives, in addition to price cuts. ...
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