South China Morning Post published this video item, entitled “Japan beef bowls and coffee costing more as workers feel the pinch from food price hike” – below is their description.
Japan is facing economic pressure due to a weaker yen and rising commodity prices that are threatening the cost of food staples, which have remained stable for decades. Wholesale prices have risen 5 per cent in the last three months, leaving small business owners such as 78-year-old Shizuo Mori worried. His coffee shop in Tokyo’s Toranomon business district is already seeing price-conscious customers skipping their daily cups of coffee.
The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.
China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.
Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.
Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.
Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.