
[Bar situation] 2023 will see the highest number of "izakaya" bankruptcies ever
Although businesses are bustling again, rising food prices, labor shortages, and rising wages are making it difficult to maintain profitability. We've been reporting news of izakaya (Japanese pubs) and local Chinese restaurants closing every day, and the number of restaurant bankruptcies in fiscal year 2023 (April 2023 to March 2024) is expected to reach 802, a 56.0% increase from the previous year...