[LMB] (non-)CRYO-burn for real -
mathews55 at msn.com
Wed Sep 14 23:56:43 BST 2011
Markets in everything the countercyclical asset the culture that is Japan
by Tyler Cowen
on September 14, 2011 at 12:29 pm
in Economics |
…Teramura’s place is neither a love nest nor a pit stop
for tired travelers. The white and grey tiled building is a corpse
hotel, its 18 deceased guests tucked up in refrigerated coffins…
The daily rate at Lastel, as it is known, is 12,000 yen ($157). For
that fee, bereaved families can check in their dead while they wait
their turn in the queue for one of the city’s overworked crematoriums.
Death is a rare booming market in stagnant Japan and Teramura’s new venture is just one example of how businessmen are trying to tap it.
Here is more. Unlike with crematoria, in this market entry is not restricted or licensed.
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