Sushi Joints Going Bankrupt in Japan Shows Inflation Impact
- Rising food prices, staff shortages hit sushi restaurants
- Failures of sushi joints this year may exceed pandemic era
A plate of sushi.
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Sushi is one of Japan’s most iconic cuisines with fans around the world, but in its home country restaurants are closing their business at the fastest pace since the Covid pandemic days in 2020.
Rising material prices, staff shortages and reduction of Covid-era support measures have hit sushi joints in Japan. Five restaurants went bankrupt in Japan in January, the most in a month since August 2020, according to research firm Tokyo Shoko Research Ltd.