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Wednesday
Apr232014

Five-yenned and Ten-yenned

 

   Ever since the consumption tax was raised from 5% to 8% at the start of April, I've noticed that my wallet empties faster than it used to. I have to charge the IC card I use for my commute more often than before, too. 

  A three-point increase in the sales tax really doesn't amount to much, when you think about it. Something that used to cost ¥105, now costs ¥3 more. Dinner and drinks at a nice restaurant which set you back ¥10,500 in March is today only ¥300 more expensive. Big deal, right?

  Unfortunately, it doesn't seem to be working out quite that way. 

  As I have written before, the Oronamin C I buy at the station in the morning is now 9% more expensive than it was only three weeks ago. Where it used to cost ¥110, I now have to pay ¥120. The commute, too, is more expensive than before: I am now paying about ¥50~¥60 more every day to get to work every day.

   I can't help but feel like I'm being nickel and dimed, or rather five-yenned and ten-yenned, now. Those less fortunate than myself must surely be feeling the pinch. 

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Reader Comments (4)

Things that were 100 yen are now 110 yen. Also, list prices no longer have to include tax, so (as I noticed at Subway the other day) the amount you pay is more than the listed price.
April 23, 2014 | Unregistered CommenterBill
Whether or not the price shown includes the sales tax, something which used to be required by law, is now left up to the shop's digression.

The manager of the Doc Martens shop told me that they stopped including the tax in their prices because it was too much trouble. They will, he explained, just have to change the price tags again in a year or so when the consumption tax rises from 8% to 10%.

The other day I popped into my neighborhood liquor store to pick up a bottle of Denki Bran. (Good stuff!)

"Only 940 yen," I thought, as I took the bottle from the shelf. "How cheap!" Then I went to pay and discovered that the price was actually, ¥1,020. "D'oh!"
April 24, 2014 | Registered CommenterAonghas Crowe
Abenomics sounds like reaganomics--regressive taxation and money printing transfers to banks and fund deficits.
October 5, 2014 | Unregistered Commenterddd
I would like to delve deeper into this issue more as I see some economic trends that upset me. I'll write more about this in the near future.
October 5, 2014 | Registered CommenterAonghas Crowe

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