Title: Ministry of Economy, Trade, and Industry Encourages Price Negotiations in March as "Price Negotiation Promotion Month" to Address the Transition from Deflation - Emphasizing the Importance of Ensuring Wage Increase Funds and Intensifying Negotiations for Price Pass-through for Supply Chains.

2024年3月3日 Last updated : 2024年3月4日 Nobukuni Kaneyama

On the 1st, the Ministry of Economy, Trade, and Industry (METI) reiterated that March is designated as "Price Negotiation Promotion Month" and emphasized the importance of transitioning towards full recovery from deflation. It positioned this as a critical juncture and encouraged companies to intensify negotiations for ensuring wage increase funds through price transfers. Additionally, METI urged comprehensive price negotiations throughout the entire supply chain to address price adjustments.

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