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Weakening yen means price increases in Japan

Apple has become latest major electronics manufacturer to increase the price of its hardware within Japan. Apple and other manufacturers have increased prices due to an increasingly weak yen.

Reuters reports that the Japanese yen has fallen more than 20% against the U.S. dollar since the middle of November. Increasing prices are reportedly rare in Japan where low-grade deflation has occurred over the past 15 years.

Apple has reportedly increased the price of some of the iPad models by up to 13,000 yen, which is equivalent to $130 in local Japanese stores.

The price increase means that the 64 GB iPad now costs ¥69,800 in Japan, an increase from ¥58,800 earlier this week. The 128 GB iPad now has a retail price of ¥79,800 compared to its previous price of ¥66,800.
 
Prices of the iPod music player has also increased by as much as ¥6000 while pricing for the iPad mini went up by ¥8000.

Source: Reuters





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