11 July
McDonald's announces price increase in Japan amid rising production costs and weakening yen
The fast-food restaurant chain McDonald's in Japan announces a price increase on about 60% of menu items. This is influenced by rising input costs and currency fluctuations.
According to a statement made by McDonald's Japan Ltc holding company, starting Friday, the cost of the legendary Big Mac will go up to 410 yen ($2.85). Earlier, it came in at 390 yen.
A survey released this month by Tokyo Shoko Research showed that an increase in the production costs and the yen’s fall drove prices higher by 60% in large Japanese restaurants.
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