The izakaya sector is experiencing a rapid decline, with 203 operators declaring bankruptcy from January to November last year, surpassing the entire bankruptcy count in 2020.
Changing customer behavior, with many preferring to dine at home and maintain social distancing, is significantly impacting the traditional izakaya experience in Japan.
The current economic climate, marked by rising costs of materials and labor, has forced izakaya owners to contend with both consumer price sensitivity and decreased demand for dining out.
Japan's inflation rate, which has significantly increased after decades of stagnation, is also contributing to the difficulties faced by izakaya, leading many to adjust their business strategies.
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