Japan beef bowls and coffee costing more as workers feel the pinch from food price hike
SCMP, 14 Oct 2021
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Japan is facing economic pressure due to a weaker yen and rising commodity prices that are threatening the cost of food staples, which have remained stable for decades. Wholesale prices have risen 5 per cent in the last three months, leaving small business owners such as 78-year-old Shizuo Mori worried. His coffee shop in Tokyo’s Toranomon business district is already seeing price-conscious customers skipping their daily cups of coffee.
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Japan is facing economic pressure due to a weaker yen and rising commodity prices that are threatening the cost of food staples, which have remained stable for decades. Wholesale prices have risen 5 per cent in the last three months, leaving small business owners such as 78-year-old Shizuo Mori worried. His coffee shop in Tokyo’s Toranomon business district is already seeing price-conscious customers skipping their daily cups of coffee.
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#scmp #Economy #Japan
