McDonald's Corp.'s Japanese business, embarrassed by a series of food contamination scandals, is planning to close 131 under-performing stores and refurbish more than 2000 stores over four years. It also expects losses to widen this year.
For the Fiscal 2015, the company is projecting a loss of 38 billion yen.
Earlier in August 2014, a human tooth was found in French fries ordered at Osaka location of McDonald's Japan store and a piece of vinyl in chicken nuggets served at an outlet in Misawa, Northern Japan. There were reports that hard-plastic serving chocolate sundae has hurt a child at Fukushima.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.