A man who runs a restaurant in Tokyo’s Shibuya Ward. The restaurant industry recorded 730 bankruptcies with debts exceeding ¥10 million in the January-October period. The coronavirus pandemic and tightening cash flows have slammed the restaurant industry.
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quote of the day
My lunchtime customers have decreased because they telework, and business is still pretty slow at night. I borrowed a year worth of operation expenses from a bank, but after that I have no prospects for my business.
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commanteer
He'll probably starve to death or end up homeless. But that's better than getting a probably symptomless Covid-19, right gang?
Sven Asai
That bank is either stupid or worth a prize for bank untypical socially responsible loan handling. Probably they only saw more future prospects for that specific business at that specific place than the owner himself.
robert maes
aren’t banks so sweet ? I meet so many of these nice bank managers, moved to tears , offering their last yen to help people out of the goodness of their hearts and souls.
NEVER go to a bank when you need money only when you have money. 1st and only rule
Confusius
Are there numbers available for other years to compare those figures to? It would be interesting to know just how big the impact of corona was on the restaurant industry. We had a similar case with an article that was talking about businesses shuting down because of COVID-19. It also made it sound like all cases were
down to the virus while in reality there was an increase of 23.9% compared to the year before, so it was not all down to the virus. For all we know this could be something new or something that happens to 700 restaurants every year anyway.