From January to October， there were a record 820 bankruptcies in the food and beverage industry， with ramen shops， yakiniku restaurants， izakayas， bars and other businesses struggling．
1Capital Region Tiger ★.Nov. 7, 2024 (Thu) 15:32:15.98ID:6hypZm1C9
Bankruptcies in the restaurant industry, which had been curbed by support measures during the coronavirus pandemic, are on the rise. The number of bankruptcies in the food and beverage industry (with debts of 10 million yen or more) from January to October 2024 reached 820 (up 12.7% from the same period last year, 727 cases in the same period last year). The cumulative number of cases from January to October surpassed the 730 cases recorded in the same period of 2020, setting a new record. If the current pace continues, there is a possibility that the number of cases in a year could exceed 1,000 for the first time. By type of business, there were 202 “specialty restaurants,” which include ramen shops and yakiniku restaurants, (up 17.4% from the same period last year), and 156 “bars and beer halls” (up 13.8% from the same period last year), both of which were the highest cumulative totals for the January-October period. The largest increases in bankruptcies in the food and beverage industry were in “bars, cabarets, and nightclubs” (up 84.6% year-on-year) and “soba and udon restaurants” (up 50.0% year-on-year). In particular, there was a notable increase in establishments that primarily serve alcohol, such as “taverns and beer halls” and “bars, cabarets and nightclubs,” with the number increasing to 228 (an increase of 29.5%). There were 385 bankruptcies related to the new coronavirus (down 16.6% year-on-year), accounting for 46.9% of bankruptcies in the food and beverage industry (down 16.6% year-on-year), indicating that the impact of the pandemic is subsiding. However, the number of bankruptcies due to high prices reached a new record of 49 (up 4.2% from the same period last year). For the full text, see source. Last updated: 11/7 (Thu) 14:53.
>>1 [Alcohol Harm] by Goma In particular, the increase in establishments that primarily serve alcohol, such as “taverns, beer halls,” “bars, cabarets, and nightclubs,” was notable, with 228 cases (a 29.5% increase). LOL.
There are way too many crappy restaurants in Japan. We should cut them down to about 1/3 of what they are. And even if one goes out of business, new ones just keep popping up like bamboo shoots after a rain lol.
It’s a real shame that the famous udon restaurant Karukaya, which was on the rooftop of Seibu Department Store in Ikebukuro, has closed down. It was thriving right up until the end.
I don’t care if all the beef bowl restaurants that are trying to continue their deflationary business by using low wages and labor costs go out of business.
Oh, the coronavirus pandemic has caused patriotic old people to declare that they will never go to a restaurant again, and it seems they have acted on that promise, lol. We are getting closer to an ideal world where restaurants and other businesses are not given preferential treatment and it would not be a problem if they disappeared from this world.
Restaurants are a deflationary business, so there’s no future for them. In the end, only high-end establishments or those that operate on their own property will remain.
Many bars don’t even know if they take credit cards or don’t have price lists, and even when they hold events, they don’t say if it’s cash only, which is annoying.
I’d like to ask someone who really knows about this, will the weak yen cause small and medium-sized local sash manufacturing companies to lose work? Will they go out of business?
Even in the Reiwa inflationary era, if you have an outdated brain that is still trying to continue the deflationary business of 30 years ago it’s only natural that you’ll go bust, and get out of the market quickly!
Lunch items like ramen are over 1,000 yen, and izakayas are also popular for their senbero sets at night. With the price of ingredients going up, there’s no way they can do it for 1,000 yen.
It’s not just restaurants, everything is going bust. This is the result of the LDP’s policies that have been in place for decades. And yet there are still so many idiots who vote for them. I can’t take it anymore.
>>33 And it would be fine if the prices were cheap like the food stalls you know But even if food stalls become more and more popular in Japan, they’re still expensive lol And it’s cold in Japan in the winter.
Those who think logically are making money. Japan will become poor → Japan will become a developing country → Why are developing countries making money? That’s the idea.
Long-established independent stores are really going out of business. Especially in the countryside, they’re filled with cheap, low-quality, nondescript chain stores. Our society has really become a shitty place.
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