FOCUS: Tofu shops facing fight for survival amid rising costs

Economy

Many tofu shops in Japan are struggling amid higher prices for imported soybeans following Russia's invasion of Ukraine, although demand remains solid for the Japanese staple. A tofu shop run by Takashi Kurosawa in Tokyo's Minato Ward is among the around 42 percent of medium-sized and small stores that remained in the red in the fiscal year ended March, with 47 percent incurring losses in the previous year, according to a recent survey by credit research firm Teikoku Databank Ltd. "Not only soybeans, but plastic trays, (packaging) film. The price of everything has been increasing," the 53-year...

Kyodo News

Kyodo News