Comment by RigelKentaurus
21 hours ago
On our last couple of Japan trips, we would walk into 7/11s for an inexpensive coffee, an egg or fruit sandwich, and also do some treasure-hunting for co-branded items with Muji/Uniqlo or others. It became a short and meaningful part of our routine. We loved the convenient locations and fantastic service at all their stores. Well done, Suzuki-san!
On my trip there with a group of friends we would wake up and head to the local 7-11/Lawson/Family Mart. Even when we went into the countryside for the hot spring baths in Hokkaido there was a Lawson in town. 7-11 had the best food though. I loved those chicken teriyaki egg sandwiches, onigiri and the yakisoba-pan. But those chocolate swirl babkas were clutch. I once wandered in late night and cleared the shelf of them.
They are expensive by Japanese standards. Assuming you're American, you're benefitting massively from the exchange rate.
IDK man - this is sort of true, but I think you under-estimate how quality and price scale. A Jumbo-Choco-Monaka at 7/11 is still a fantastic value at ¥160 even if you adjust for purchasing power. GDP Per Capita (PPP) is about $85K in the US and about $60K in Japan, but even granting a 2x increase for California then a $2 choco-monaka would be a steal. As it is, I just spent $4.50 for an Its-It about an hour ago and while I am quite a dedicated fan of these things I would have gladly forked over ¥700 for a Chocomonaka if such things existed in California. I realize that people don't live out of 7/11 for their daily groceries and your point has some validity, but the quality/cost is still a great deal relative to what you would get in America.
$85K vs $60K ...to give you some idea the typical wage in Okinawa for a combini job is about $6/hour. I think the income disparity is larger than those numbers suggest.
FWIW Japanese people living there tell me combinis are expensive based on their salaries and I believe them.
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It's pricier than a supermarket, but still decently good value even in Japanese terms.
And how had the Japanese inflation / cost of living changed over the last 10 years or so? I went there in 2015 and now hearing this I'm strongly thinking about paying another trip there... I mean, back then 1 EUR bought 135 yen and now it's 185, and I already remember restaurants to be pretty cheap for the average quality, while hotels/apartments sucked a bit - especially in room size.
From my experience prices have gone up (relative to salaries) however the weaker yen means you won't notice it.
It's not the exchange rate. It's 30 years of economic destruction and currency devaluation as the end result of horrific spending policies. If Japan doesn't right the ship, they'll sink into middle income territory over the next 30 years. Poland and Greece are now just slightly below them in GDP per capita - and Lithuania is above them (unthinkable circa the mid 1990s).
Realistically Japan is very close to being a second tier economy. It's quite plausible that Croatia and Latvia will pass them on GDP per capita over the next decade. 7-11 Japan would be relatively inexpensive for the citizens of any affluent nation, because Japan is so much poorer than it used to be.
7/11 is still 30-50% more expensive than the supermarkets, so irrespective of how affluent people are, it's a poor choice.
I used 'exchange rate' because not only is the yen weak, but the USD seems pretty strong - I guess it depends on where in the US you are from, but as a Brit, US feels expensive to me, Japan feels cheap, ergo Americans must find Japan even cheaper than I do.
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Is it their spending habits and resulting expenditure on infrastructure or is it their currency policies to try to boost exports? Not challenging but asking for clarification.
Thank you. I live in Japan and it is incredibly frustrating to hear people here talk about the exchange rate as if it is some temporary but unfortunate weather condition, rather than the downstream effect of a generation of terrible policy decisions that it actually is
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And now compare not the numbers, but what these countries actually produce, in global sense. Japan produces cars, electronics, medical and precision stuff, cultural exports. And what do Croatia produce? Not even speaking about almost dying Latvia and Lithuania.
Aren't in late stage techno consumerist demographic collapse that many others (Germany, China, yeesh, South Korea) aren't going to suffer from to an even worse degree?
I guess one could point to various policies, especially with pseudo- protectionist benefits given to the Japanese mega conglomerates, which like in Korea are kind of just an extension of the government.
But I wonder if such economic policy fumbling is in an evil outgrowth as people try to deal with the underlying collapse.
Convenience stores have gotten more expensive but they've always been an expensive option in Japan. It's always been much cheaper to go to grocery stores or other such alternatives to get the same items.
> Poland and Greece are now just slightly below them in GDP per capita - and Lithuania is above them (unthinkable circa the mid 1990s)
Re Poland and Lithuania: USSR collapsed in early 90s, and many would have been forgiven for thinking that these countries would continue to live in poverty, which they obviously didn't. Notably, USSR was a donut empire where the peripheral regions were richer and more educated than the heartland. That's also why the collapse of USSR started there. Sarah Paine talks about that.
YT channel @japaneats is easily my favorite for seeing what's available in 7-11 japan.