French President Emmanuel Macron and European Commission President Ursula von der Leyen saw visiting Chinese President Xi Jinping off to his limousine after the three leaders concluded a China-France-EU trilateral meeting at the Elysee Palace in Paris on Monday.
Xi arrived in Paris on Sunday for a state visit to France at the invitation of President Macron.
This is the second state visit by China's head of state to France in five years and coincides with the 60th anniversary of the establishment of diplomatic relationship between the two countries.
Macron, von der Leyen see Xi off after trilateral meeting
Macron, von der Leyen see Xi off after trilateral meeting
Macron, von der Leyen see Xi off after trilateral meeting
Macron, von der Leyen see Xi off after trilateral meeting
The depreciation of Japanese yen has caused an old coffee shop in Kofu City, Yamanashi Prefecture of Japan to suffer rising financial strain due to surging import costs.
The coffee shop, with a 50-year history, is facing fund squeeze. The owner, 82-year-olld Hajime Yoneyama said that the depreciation has led to increased prices for imported raw materials, particularly coffee beans sourced mainly from Brazil, Vietnam, and Colombia, resulting in a 20 percent surge in purchase costs.
"The purchase price (of coffee beans) has increased by 20 percent. I feel that the prices of vegetables and oil have also increased by at least 20 percent. Now the prices of these things continue to rise, with no sign of stopping. The expenditure situation of the store may become more severe in the future," said him.
Yoneyama said that he had to raise the prices to sustain the coffee shop's operation.
"Recently we had to raise the price. Previously, a cup of coffee cost 500 yen. It's no longer sustainable (without price increases) and now it's up to 600 yen," said the owner.
Furthermore, in an effort to cut costs, the elderly Yoneyama works with just one employee, yet the store business kept crippling. He said that a significant portion of his pension funds is used to cover store expenses and employee wages.
Locals worry that if the weak yen trend persists, the pressure on livelihoods will further intensify.
"The prices of everything are increasing, food, drink, vegetables. It would be great if there was a solution. Medical supplies are also an issue that needs to be considered. I do worry about what the future will bring," said a local resident.
"Not only are labor costs rising, but gas costs are also rising, so operators need to cut expenses, such as advertising expenses, and the work that they originally paid to hire people to do may now be borne entirely by the operators themselves," said another resident.
Japan’s time-honored coffee shop face fund squeeze due to weakening yen
