Aeon cuts prices for Aussie beef
NHK -- Dec 07
Steak lovers across Japan have reason to celebrate. From Friday, they will pay less for a slab of Australian beef at hundreds of outlets run by a major retailer nationwide.

Officials at Aeon say they are making the change in anticipation of the Trans-Pacific Partnership free trade agreement. The deal takes effect on December 30th. Aeon imports beef from its own ranch in Tasmania.

The tariff on chilled beef from Australia is now 29.3 percent. Under the TPP, it will fall to 27.5 percent in the first year. It will continue to decline after that.

To promote the change, Aeon introduced the new prices a day early at one store in Tokyo.

A cut of sirloin costs 19 percent less in yen terms. Excluding tax, 100 grams sells for about 4 dollars.

Aeon Retail's Akira Kenmotsu said, "Over the next 16 years, tariffs on Australian beef will eventually be lowered to 9 percent, so we expect that we'll be able to offer steaks at much more reasonable prices."

The revised prices will take effect at roughly 400 Aeon outlets across Japan.

News source: NHK
Feb 16
Soft drink companies in Japan have put aside their long-held fear of losing market shares, moving to raise prices amid soaring expenses for labor and materials. (Nikkei)
Feb 12
Convenience store operator Family Mart Co. on Monday announced the dismissal of a male employee after the emergence of a video showing him licking items, the latest of several similar incidents involving a food-related company in the last week, reports TV Asahi (Feb. 12). (tokyoreporter.com)
Feb 09
The parent company of All Nippon Airways will invest in the operator of Philippine Airlines to take advantage of growing demand for travel in Asia. (NHK)
Feb 08
Rental unit provider Leopalace21 said Thursday that possible construction code violations were found in an additional 1,324 of its apartment buildings, a discovery that will require the relocation of roughly 14,000 tenants. (Nikkei)
Feb 07
Lawson Inc. said Wednesday it closed two of its franchise convenience stores after discovering they had systematically falsified expiration times on some food items prepared in the stores over a period of several years. (Japan Times)
Feb 06
Nissan Motor decided Tuesday to hold an extraordinary shareholders meeting on April 8, where the Japanese automaker is expected to dismiss former Chairman Carlos Ghosn and his onetime deputy Greg Kelly from the board of directors. (Nikkei)
Feb 03
The government has announced standards it hopes to set for casino resorts — to be built by the mid-2020s — requiring them to have hotels and conference rooms that would be among the biggest in the country. (Japan Times)
Feb 02
Major hamburger chain operator Mos Food Services Inc. has said it will switch from plastic to paper cutlery for takeout food at its corporate-owned outlets as it joins growing efforts to tackle the issue of plastic waste littering the oceans. (Japan Times)
Feb 02
In light of an increasing number of foreign customers, supermarket giant Aeon Co. on Friday launched a real-time video interpreting service. (Japan Times)
Jan 31
Japan's agriculture ministry has decided to hike imports of butter. The aim is to prevent a shortage in the face of dwindling production of raw milk. (NHK)