Live data from Hacker News

Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

referenceforbusiness.com

51–60 of 119 posts

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#51

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!

YT channel @japaneats is easily my favorite for seeing what's available in 7-11 japan.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#52
post #39

Earlier quoted context omitted.

They are expensive by Japanese standards. Assuming you're American, you're benefitting massively from the exchange rate.

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 se…

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.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#53
post #39

Earlier quoted context omitted.

They are expensive by Japanese standards. Assuming you're American, you're benefitting massively from the exchange rate.

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 se…

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.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#54
post #39

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!

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.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#55

I wonder how 7/11 in the US will change now that the Japanese version bought out the US version. Will we actually have hot and prepared food like Japan? I doubt it, seems the supply chain infrastructure just isn't there.

7/11 has always had hot pizza, fried chicken, rollers, etc in my area?

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#56

Earlier quoted context omitted.

No ads here on desktop or mobile with ublock origin.

The fact that people in the current year still don't use ad blockers baffles me. Even on mobile, use Firefox with uBlock Origin and/or DNS66 or AdAway for OS wide blocking, or even just set dns.adguard-dns.com in your phone DNS settings.

every time I have to deal with a stock Chrome on stock Windows, I marvel at the amount of outright abuse normies are able to endure.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#58
post #39

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!

They are expensive by Japanese standards. Assuming you're American, you're benefitting massively from the exchange rate.

It's pricier than a supermarket, but still decently good value even in Japanese terms.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#59
post #18

The local stores in Japan and Taiwan are really nice. 7/11 and Family Mart are these pleasant places where you can see schoolchildren sitting chatting and eating. That’s not something you’d see in San Francisco. You’ll see adults with children sometimes at Whole Foods, which is nice, but unattended children not so much.

I’ve seen little children take the subway alone in Japan. Its a completely different environment

For what it's worth, this is commonplace in Australia too. I feel like you're describing a general safe country thing. I've lived in Japan so I know it's probably one of the safest places in the world, but I feel like what this thread describes is more US/Canada/some Euro countries being particularly dangerous, and not Japan being uniquely safe.

Re: Toshifumi Suzuki, founder of Seven-Eleven Japan, has died

#60
post #39

Earlier quoted context omitted.

They are expensive by Japanese standards. Assuming you're American, you're benefitting massively from the exchange rate.

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 se…

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
Post reply on HN