October restaurant sales plunge in Japan
NHK -- Nov 27
Sales at major restaurant chains in Japan plunged in October due to the effects of Typhoon Hagibis and the consumption tax hike at the start of the month.

The Japan Food Service Association says sales fell 2.4 percent from the same month last year. It is the first time sales dropped more than two percent since June 2015.

The slump is partly due to the typhoon which forced many stores, mostly in the Kanto region, to close or shorten their hours.

Customers also stayed away from family restaurants and Japanese-style bars or "izakaya" due to a hike in the tax rate from 8 percent to 10 percent.

Meanwhile, sales rose at fast-food chains where take-out food was exempt from the tax hike, and at pubs and beer halls where people could watch the World Cup Rugby matches held in Japan.

An association official said the weather was a large factor in the sales drop in October and more time will be needed to determine how much the tax hike is affecting customers' sentiment.

News source: NHK
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)