Food Prices

 
Daniel Chong, right, chief executive of Yata, said prices of fresh foods at its supermarkets could go down a further 2 to 3 per cent. Photo: SCMP

Yata vows cheaper food after openings

Although department store chain Yata said it did not expect the yen to decline much more, Yata's chief executive, Daniel Chong Wai-chung, said prices of fresh and prepackaged food at its supermarkets could go down a further 2 to 3 per cent thanks to economies of scale.