Biz Stream S2019E32 - Surviving in Japan's Restaurant Industry

Despite having a massive food service industry, running a restaurant in Japan is anything but easy. With a high level of competition and extremely picky consumers, 70% of all restaurants go out of business within 3 years of opening. With a labor shortage and increased competition from takeout-based food businesses, the market isn't getting any easy for entrepreneurs to enter. This episode features a business that is helping restaurants to make ends meet by renting out their floor space to other restaurants during their down times and a unique restaurant that features a rotation of individual chefs that share the restaurant's top-notch location and staff as they strive to find success.