May 20, 2024


Savvy business masters

Japan politician apologises for auctioning face masks

TOKYO: A Japanese politician apologised on Monday (Mar 9) after he made US$86,000 auctioning face masks online as the country deals with a shortage during the new coronavirus outbreak.

Hiroyuki Morota, a member of the Shizuoka prefecture assembly and owner of an import firm, defended his decision in a televised press conference but conceded that the move was ill-timed.

Morota said he auctioned packages of masks, some containing 2,000 pieces, via the internet dozens of times over a one-month period, netting 8.88 million yen (US$86,000).

Each package sold for between 34,000 to 170,000 yen, he told local media.

READ: Japan PM Shinzo Abe to alter law to allow emergency declaration over COVID-19 outbreak

Morota said he bought the masks 10 years ago in China for 15 yen apiece, according to the Shizuoka Shimbun daily – or 30,000 yen for a packet containing two thousand masks.

“Those were inventory items that had been stored at my firm for years. It was not that I was earning unjust profits,” Morota said.

“But as a member of the prefecture assembly, I feel I have a moral responsibility.”

The apology came after he faced a storm of criticism for the sales and his claims that the auction prices were market value.

Internet users have long complained that there are not enough supplies of masks on the market, and speculated that some people have bought up available stock to resell them at higher prices.

Prime Minister Shinzo Abe’s government has asked internet auction services to discourage sales of items such as masks and disinfectants to stop price gouging.

Morota said he will step down as the head of the firm, giving the top management post to his wife, but will keep his public office.

Morota said he was in talks with the local government about donating the proceeds from his mask sales.

BOOKMARK THIS: Our comprehensive coverage of the novel coronavirus and its development

Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak:

Source Article