TOKYO: Tokyo sushi stalwart Kyubey is among Japanese retail businesses riding a tourism boom, fuelled by the weak yen and fostering an increase in consumer prices and hopes for a boost to the broader e
and fostering an increase in consumer prices and hopes for a boost to the broader economy.
"Compared with 2019, business at our restaurants has made a complete comeback or got even better, thanks in part to a rebound in the number of foreign tourists," said owner and chef Yosuke Imada. The influx is helping stir demand-driven inflation in the world's third-largest economy, as hotels, restaurants and retailers find they can charge more without denting sales.Kyubey in April halted a lunch sale it had offered for years as rising costs for sea urchin, abalone and other shellfish made the price untenable.
Tokyo's Haneda Airport restarted international flights from its Terminal 2 for the first time in three years on Thursday. A Kyoto tourism group sold 400,000 yen premium tickets to the city's famous Gion Festival this week, 20 times the previous high, according to media.
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