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Al Jazeera
Al Jazeera
Business
David McElhinney

Frugal Japanese tighten their belts as prices rise, yen slides

Japanese are cutting back on spending amid rising prices and a weakening yen [File: Akio Kon/Bloomberg]

Tokyo, Japan – Tatsuya Yonekura has not raised the prices at his Tokyo cafe since it opened three years ago. But as Japan’s inflation rises and the yen languishes at a 20-year low against the dollar, Yonekura may be left with no other choice.

“I might have to raise the price of alcohol because the distributors are paying more money to import it,” he told Al Jazeera. “It is a difficult situation, I’m worried that people will stop coming if they have to pay more.”

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