Business | Nov 23

Pricier catch: Frozen tuna prices jump 60% in Japan

TOKYO, Nov 23 (Nikkei) - From COVID-19 to a weak yen, a confluence of global economic forces has led the price of one of Japan's favorite sushi toppings to surge.

Many chain sushi restaurants, izakaya pubs and other affordable eateries serve frozen bigeye tuna, a cheaper alternative to the fresh bluefin often served at high-end restaurants. The price for frozen bigeye averaged 1,443 yen ($10.20) per kilogram at Tokyo's Central Wholesale Market in September -- up 13% from a year earlier, and around 60% higher than two years ago.

The jump largely stems from disruptions to the fishing industry caused by COVID-19.

While many deep-sea boats used to catch tuna are captained by Japanese nationals, the vast majority of the crew usually come from Indonesia and other Southeast Asian countries. Coronavirus border curbs prevented many of them from entering Japan. ...continue reading


MORE Business NEWS

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.

POPULAR NEWS

Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.

FOLLOW US