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Archive for May, 2008

Recent stories

It’s been a month since I wrote Part 5 – Consequences for Japan. The following is a round-up of some of the recent stories here, coupled with some of my thoughts.

The rising food prices in Japan are continuing to make themselves felt with pasta and vinegar the latest concerns. The Japan Times/Kyodo News reported on Wednesday that:

Starting Sept. 1, Mizkan Group Corp. said it will raise the price of 37 consumer-use vinegar products by 8 percent to 10 percent… because of rising crop prices. It will be the company’s first price hikes in 18 years.

90% of Japanese are now thinking of saving money when they shop, and there are reports of troubles in the restaurant industry. The most famous such establishment in Osaka, Osaka Meibutsu Kuidaore, is due to shut down in July, partly due to falling sales.

(more…)

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