Abenomics’ Losers: Conveyor Belt Sushi

Prime Minister Shinzo Abe’s new economic policy, dubbed “Abenomics,” has been generally considered a success in the first year in which it was implemented. But, as in other endeavors, there are winners and losers. The winners so far are Japan’s big exporters, which have benefitted hugely from the weakening yen, having lost about 20 percent of its value against the dollar in the past year. Even such trouble-prone electronics companies as Sony have been able to eke out a small profit due to the yen’s devaluation. People who have invested in stocks have also scored. But there are losers, and one of them is conveyor belt sushi, which ironically was one of the few Japanese industries that thrived during Japan’s decades-long period of stagnation and deflation.

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