One Turn
Japanese budget chain Saizeriya raises menu prices
Japanese budget restaurant chain Saizeriya will raise menu prices by an average of 6% nationwide. Prices at some busy locations will rise by 10%. The company is responding to rising costs.
Why it matters
Price rises at a chain known for cheap meals show inflation reaching everyday spending in Japan.
Background
Saizeriya is one of Japan's best-known low-cost Italian restaurant chains. Japan has faced rising food and energy costs and a weak yen.
The story so far
- Japanese budget chain Saizeriya raises menu prices
- Chip maker Kioxia warns price spikes leveling
- Japan's Nikkei falls as chip stocks slump
- Nikkei drops 6.3% as Asian chip stocks tumble
- Asian chip stocks tumble with Nasdaq
- Asian tech stocks rebound as oil falls
Sources
- Japan Times ↗Oct 24, 11:56 PM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.