June 8, 2025
finance

Japans Beloved Curry Shops Struggle as Rice Prices Skyrocket

In this photograph taken on August 26, 2020, customers eat sitting at a table at CoCo Ichibanya Japanese curry chain restaurant in Gurgaon on the outskirts of New Delhi. A popular Japanese restaurant chain is taking on the challenge of wooing India’s growing affluent class with its version of a dish long synonymous with the South Asian nation — curry. (Photo by SAJJAD HUSSAIN / AFP) / To go with story ‘INDIA-JAPAN-LIFESTYLE-FOOD, FEATURE’ by Abhaya Srivastava

A cherished dish in Japan, curry has recently become a symbol of struggle for many curry shop owners across the country. The past year witnessed a staggering increase in closures among these beloved establishments due to the relentless surge in rice prices. According to a report by Tokyo-based research firm Teikoku Databank, thirteen curry shops carrying debts exceeding ¥10 million ($70,000) filed for bankruptcy within the year ending in March – setting an all-time high for the second consecutive year.

The grim reality faced by these curry shops sheds light on a broader economic challenge as smaller mom-and-pop stores are not even accounted for in this statistic. The rising prices of essential ingredients like rice, spices, meat, and vegetables have significantly impacted the profitability of these businesses. Factors such as rice shortages, adverse weather conditions affecting crop yields, and a weak yen have collectively contributed to this crisis.

“Running a curry shop is more than just about serving food; it’s about preserving culture and tradition,”

remarked Hiroko Yamamoto, a seasoned restaurateur with decades of experience in the industry.

“The closure of these establishments not only signifies financial hardship but also cultural losses within our communities.”

Japanese curry holds a special place in the hearts of locals and tourists alike. A hearty brown sauce brimming with tender meats and assorted vegetables ladled over steaming rice forms the quintessential comfort food that has captivated taste buds for generations. However, the affordability of this classic dish has been jeopardized by escalating costs.

“The essence of Japanese cuisine lies in its ability to evoke nostalgia and warmth through each bite,”

noted Chef Takeshi Nakamura, renowned for his innovative culinary creations rooted in traditional Japanese flavors.

“The surge in ingredient prices not only affects business owners but also impacts consumers who seek solace in familiar dishes during challenging times.”

As prices continue to rise unabatedly, even staple dishes like basic curry rice have seen their costs reach unprecedented levels. A simple serving that once offered solace at ¥365 ($2.50) now stands as a testament to the economic strains faced by both consumers and restaurant operators alike.

Amidst these turbulent times, Prime Minister Shigeru Ishiba’s government has initiated measures to address soaring rice prices by releasing stockpiles ahead of an upcoming summer election. These efforts aim to alleviate some pressure on businesses grappling with rising operational costs while striving to retain cultural heritage through culinary experiences.

In light of the ongoing pandemic-induced restrictions on dining out, takeout and delivery services emerged as saviors for many eateries during lockdowns. However, even this lifeline could not shield curry shops from bearing the brunt of economic challenges fueled by exorbitant ingredient prices.

“It is imperative for us to support local businesses that serve as pillars of our communities,”

emphasized Eriko Tanaka, an economist specializing in consumer trends across Asia-Pacific markets. “The plight faced by curry shops underscores broader issues impacting small enterprises reliant on traditional recipes amidst volatile market conditions.”

Despite facing unprecedented obstacles exacerbated by external factors beyond their control, Japan’s iconic curry shops stand resilient amidst adversity – embodying resilience deeply ingrained within culinary traditions that transcend mere sustenance into cultural legacies at risk amid economic upheavals.

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