Monday, December 20, 2010

Japan Prices Going Back to 1980

Whenever I walk around Tokyo, I always try to take photos of things that are interesting to me that I can use for this blog...

But, I've been here so long that I'm used to just about everything I see...

Excepting, recently, signs that the economy is really tanking are popping up everywhere.

Here is the sign for a drinking establishment near Suitengumae Station on the Hanzomon Line that is advertising "All You Can Drink" service for ¥900 for women (USD about $10.80) and ¥1,300 for men (about USD $15.60).

That's unreal!

At just about any decent place in Tokyo, one drink is about ¥800 ~ ¥1,000 (about $9.60 ~ $12.00 USD).  I had never seen prices this low. I took a closer look at the poster and saw that they had lowered the price already 3 times (underneath the 1300 yen mark was a paper that said 1500 and, below that, was another one that said 1,700!)

Dirt cheap! You say?

Well, not 50 meters walk down the street, I came across this sign for "Tachigui soba" (stand up soba restaurant) that was advertising their standard soba bowl for ¥200 (about $2.40 USD)!!!

Consider this: How many places can you walk into and have a meal for $2.40? Also consider that, at a convenience store in Tokyo, one Cup O Noodles costs ¥138 (about USD $1.56!)

How could they possibly stay in business!?

Standard bowl of soba: ¥200. I wonder
if they charge extra for sliced green onions?

More signs that the economy, in spite of rosy government figures, has really taken a turn for the worse.

You want to know why it is this way? Read Gary North.

No comments:

Packed Tokyo Trains and Subways Used to be the Best... Now? Air Conditioning Has Ruined Everything.

In the late 70s and early 80s, before the Yamate Line and most of the Tokyo subway platforms and subway trains were air conditioned, they w...