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CNA938 Rewind - Eat, Drink, Singapore - April's Recommendations by Chope

CNA938 Rewind - Eat, Drink, Singapore - April's Recommendations by Chope

CNA26-04-2025

CNA938 Rewind
Tuck into the world's flavours without leaving the city. Cheryl Goh speaks with Dinesh Balasingam, Chief Business Officer at Chope, about his latest restaurant finds—from modern Sri Lankan at Station and inventive fusion at Hermanos, to the elegant simplicity of Japanese Unagi.

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Japan curry shops see record bankruptcies as rice prices soar
Japan curry shops see record bankruptcies as rice prices soar

Straits Times

timean hour ago

  • Straits Times

Japan curry shops see record bankruptcies as rice prices soar

TOKYO – A record number of curry shops in Japan went out of business in the past year, as purveyors of one of the country's most beloved dishes took a hit from soaring rice prices. Thirteen curry shops with more than 10 million yen (S$89,400) in debt filed for bankruptcy in the year ending in March – marking a record high for the second consecutive year, according to a report from Tokyo-based research firm Teikoku Databank. The total number of bankruptcies is likely much higher when considering smaller mom-and-pop shops, Teikoku said. Prices of mainstay ingredients in Japanese curry – such as rice, spices, meat and vegetables – have gone up due to a rice shortage, adverse weather and a weak yen, the report said. Higher energy prices have also dented the profits of shop operators. Japanese curry, a thick brown sauce containing meat and vegetables, is usually served on a bed of rice. A basic curry rice dish, a classic comfort food, now costs 365 yen – a record high, according to Teikoku. Prime Minister Shigeru Ishiba's government has been scrambling to combat skyrocketing rice prices in Japan by releasing stockpiles of the staple ahead of a summer election. During the coronavirus pandemic, takeout and delivery orders had fuelled a curry boom – that has now also slowed and hurt sales for curry shops, Teikoku said. Bloomberg Join ST's Telegram channel and get the latest breaking news delivered to you.

Japan curry shops see record bankruptcies as rice prices soar
Japan curry shops see record bankruptcies as rice prices soar

Business Times

time2 hours ago

  • Business Times

Japan curry shops see record bankruptcies as rice prices soar

[TOKYO] A record number of curry shops in Japan went out of business in the past year, as purveyors of one of the country's most beloved dishes took a hit from soaring rice prices. Thirteen curry shops with more than 10 million yen (S$89,345) in debt filed for bankruptcy in the year ending in March – marking a record high for the second consecutive year, according to a report from Tokyo-based research firm Teikoku Databank. The total number of bankruptcies is likely much higher when considering smaller mom-and-pop shops, Teikoku said. Prices of mainstay ingredients in Japanese curry – such as rice, spices, meat and vegetables – have gone up due to a rice shortage, adverse weather and a weak yen, the report said. Higher energy prices have also dented the profits of shop operators. Japanese curry, a thick brown sauce containing meat and vegetables, is usually served on a bed of rice. A basic curry rice dish, a classic comfort food, now costs 365 yen – a record high, according to Teikoku. Prime Minister Shigeru Ishiba's government has been scrambling to combat skyrocketing rice prices in Japan by releasing stockpiles of the staple ahead of a summer election. During the coronavirus pandemic, takeout and delivery orders had fuelled a curry boom – that has now also slowed and hurt sales for curry shops, Teikoku said. BLOOMBERG

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