Ban will cost Japanese $2.5 billion in 2004

If Japan's ban on U.S. beef imports remains until the end of 2004, total losses to restaurants and retailers dealing in meat will amount to 273.2 billion yen (about $2.5 billion U.S.), the Kyodo News reports. The estimate is by the UFJ Institute, a comprehensive think tank of the UFJ Group. That projected loss is equivalent to more than 20% of the combined sales of 1.2 trillion yen at barbecue and

If Japan's ban on U.S. beef imports remains until the end of 2004, total losses to restaurants and retailers dealing in meat will amount to 273.2 billion yen (about $2.5 billion U.S.), the Kyodo News reports. The estimate is by the UFJ Institute, a comprehensive think tank of the UFJ Group. That projected loss is equivalent to more than 20% of the combined sales of 1.2 trillion yen at barbecue and “gyudon” beef-on-rice dish industries, the think tank said.