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According to the joint statement, India and Australia will strengthen the development of supply chains, critical infrastructure and connectivity, including key minerals and clean energy sectors.
Bank of Japan: Some regions say small businesses are finding it difficult to pass on rising costs, which is squeezing profit margins.
Bank of Japan: Several regions have indicated that businesses are considering raising food and daily necessities prices starting this summer.
Bank of Japan: Many regions report that the transmission of rising raw material costs related to the Middle East conflict is happening faster than in the past.
Bank of Japan: Several regions have indicated that businesses continue to pass on rising labor and delivery costs to consumers through price increases.