„Wenn wir die Preise erhöhen, werden die Kunden abwandern, aber wenn wir es nicht tun, gehen wir bankrott“ – Die Realität, die Japans Restaurants in die Enge treibt

We are living in interesting times

I see this issue of “cant raise prices” fucking everywhere, its one of the most frustrating things in biz dev and, straight up, I welcome the failure of most of the businesses that “can’t” do it.

It means becoming a poor country.

Once i read about wages in Japan currently, they are simply too low. I don’t understand people arguing about the low conversion rate of the Yen and so on. It’s not that the „Yen is low“, it’s just that Japan is a relatively poor country compared to most other nations that are considered developed. This is especially true for a country dependent on importing ressources. Russia can maybe pull that phrase, since they can be self-sufficient on so many things, but not a country like Japan.
Arabs don’t care that „your yen is too weak“ to buy the same amount of oil, nor do foreign farmers for food. For them, you have simply gotten a poorer country.