Businesses in Japan feel the pinch of pricier crude amid ongoing energy crisis

Mr Fumiaki Kobayashi, owner of The Laundry Shop Kobayashi in Tokyo, may have to raise prices for the first time in over two decades. ST PHOTO: WALTER SIM
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TOKYO/SEOUL - A humble mom-and-pop laundry that has been in business since 1935 is considering its first price hike in more than two decades.

The Laundry Shop Kobayashi, in Tokyo's Osaki district, is one of many businesses that are suffering from the twin blows of slow recovery from Covid-19 and an ongoing energy crisis that has sent crude prices surging.

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