Japan
Japan’s Beloved Izakayas Are Disappearing at a Record Pace — And the Real Reason Goes Beyond Rising Prices
Japan’s beloved izakaya pubs are facing one of their toughest periods in decades, with a record number of businesses collapsing as higher costs, weaker domestic drinking habits and changing consumer behavior squeeze small operators. The latest figures paint a troubling picture: 118 izakaya businesses went bankrupt during the first half of 2026, according to Tokyo Shoko Research (TSR). That was the highest first-half total since comparable records began in 1989 and the first time the figure surp
