• SHARE

A major wave of what could perhaps be called the second round of “price destruction” is accelerating in Japan.

As corporate bankruptcies rise and companies pursue mergers and integrations, the recent closure of a department store that established a new business model during the Edo Period on the principle of “no overcharging and no sales on credit” proves that this model has become obsolete in today’s rapidly changing world.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW