First Tokyo taxi fare hike in 15 years

[thomas]

Taxi fares in Tokyo may rise for the first time in 15 years, joining an extensive list of products and services facing increasing inflationary pressures in the world's third-biggest economy. The increased fares will be implemented in all 23 wards of Tokyo and Musashino, and Mitaka cities. According to the transport ministry, the starting fare will go up from 420 yen for the first 1,052 metres to 500 yen for the first 1,096 metres. Currently, for 233 meters, the fare rises to 80 yen. That will change to 100 yen per 250 metres.

Starting rates would increase by 19% and subsequent ticks by 20%, although both would cover slightly longer distances, according to proposals submitted by the Ministry of Land, Infrastructure, Transport and Tourism to the Cabinet office. The Nikkei newspaper reported the recommendation earlier, saying changes may start as soon as November. The hikes are needed in order to improve the wages and working environment of drivers, as well as to cover for rising fuel costs, the transport ministry said. Surging commodity prices, exacerbated by a weaker yen, have pushed companies to pass on higher costs to consumers, increasing inflationary pressures.

Tokyo taxi fares set for rare hike as inflation pressures mount

The hikes are needed in order to improve the wages and working environment of drivers, as well as to cover for rising fuel costs, the transport ministry said.

www.japantimes.co.jp