Yoshinoya, a globally recognized brand in the restaurant chain industry, has shocked the world in recent days with the news that it will close 150 stores. The beef restaurant chain, which originated in Japan, plans to close 100 stores in Japan and 50 overseas. More than 60% of the overseas restaurants are in China. When people heard the news, they thought it was unbelievable, why would they close so many stores in China when the epidemic is basically under control?

In fact, it's not that Yoshinoya is denying that the epidemic in China is under control or even discriminating against China, but rather that its own losses have forced it to make such a desperate move. According to Yoshinoya's financial statements, the outbreak has had a big impact on Yoshinoya's marketing. So far, Yoshinoya has racked up losses of more than 500 million yuan, the first operating loss it has suffered in nine years.

Yoshinoya's losses are a microcosm of Japan's economy, but also of the restaurant industry in the region where the epidemic has hit hard. Because of the difference in attitudes between the East and the West in the face of the epidemic, the losses of the restaurant industry in each country are somewhat different. In Central Asia similar to China, Japan and other countries, the implementation of the policy of grounding at home to avoid contagion, so that the service industry is basically in a state of zero income. In Japan's economic structure, the tertiary industry occupies a large part of the service industry paralyzed, directly affecting Japan's GDP, a straight-line decline is an unavoidable fact.

In the face of the epidemic, the cleanest way for large companies to stop their losses is to lay off workers and close stores. Both of these will lead to a rise in unemployment, and Japan's unique economic structure makes it climb much faster than other countries. Therefore, the impact on the economy is also particularly important. The economic impact will certainly involve the political, the Japanese government's policy is particularly important, how to reduce the unemployment rate, restore domestic production has become their primary goal. If the rise in unemployment cannot be curbed and the domestic economy continues to slump, it will likely lead to political conflict.