Trung Phan Profile picture
Dec 28, 2022 15 tweets 7 min read Read on X
Up to the 1990s, raw salmon sushi was not eaten in Japan.

What changed? Norway went on a 10-year marketing campaign to sell Atlantic salmon in the East Asian country. And the plan worked.

Here’s a story 🧵 Image
Traditionally, Japan didn’t eat raw Pacific salmon b/c the fish had parasites.

Meanwhile, in the 1970s, Norway got really good at farming parasite-free Atlantic salmon

However, government subsidies led to over-farming and Norway needed to find a way to get rid of excess salmon. Image
Japan was a natural market for raw fish but Norway had to overcome a few obstacles:

▫️The stigma of raw salmon
▫️Atlantic salmon has a different color
▫️Atlantic salmon is fattier (which ended up being a good thing) Image
At the time, the average Japanese person ate 60kg of fish a year (vs. 15kg globally).

Historically, Japan was able to meet its fish demands. But in the 80s, supplies dwindled due to overfishing and Japan was banned from the fishing zones of other countries. It needed imports. Image
To access the Asian market, the Norwegian government launched a plan called Project Japan in the mid-1980s.

Since advertising Atlantic salmon as “parasite free” wasn’t very inviting, Norway focused its messaging on the country’s “fresh waters”. Image
Project Japan also included

▫️Serving raw Atlantic salmon at the embassies in Norway
▫️Getting celebrity chefs in Japan to use Atlantic salmon
▫️Partnering with Japanese suppliers

Even with all of Project Japan’s efforts, it took a decade break in.
One deal changed everything.

Norway offered Nichirei — a Japanese frozen food firm — 5000 tons of Atlantic salmon at a big discount.

The deal: Nichirei had to market it as raw sushi (raw commanded premium over fish to be cooked). And that’s when raw salmon sushi became a thing. Image
Raw salmon consumption first took off in the conveyor belt restaurants. But eventually, salmon sushi went mainstream.

Project Japan costed ~$30m.

The return: Norway went from selling 2 metric tons of salmon to Japan in 1980 to 28,000 metric tons by 1995. Image
If you enjoyed that, check out my Saturday newsletter on business and tech deep dives. Like salmon, it’s best consumed raw with a dab of wasabi.

getrevue.co/profile/trungt…
Sources

Torodex: medium.com/torodex/salmon…

Norway Exports: norwayexports.no/news/norways-i…

Classic Planet Money episode by @jacobgoldstein: npr.org/2019/06/03/729…
This is how I ate sushi in university Image
FYI: To prep my writing, I use an AI-powered research app I made called Bearly AI.

After reading an article or watching a YouTube video, I get an instant summary in one click (which I later review).

Try it for free: Bearly.Ai
To be clear, this thread is about the popularizing of raw Salmon sushi *in Japan*.

While we’re here, shout out to the legend Hidekazu Tojo: he runs a famous Vancouver sushi restaurant of his name and created the California Roll (rice on outside was more appealing for customers). ImageImage
Tojo also invented the BC roll, Rainbow Roll, Golden roll and Spider Roll.

He’s happy the California Roll became popular but is pretty choked when it’s cheapened with imitation crab instead of real crab.

Here’s the story behind the name: insider.com/how-the-califo… Image
The Guinness World Record for most expensive sushi was created by Filipino chef Angelito Araneta Jr.

For $1,978, you get 5-piece sushi roll with Norwegian salmon, foie gras, edible 24-karat gold leaf.

And a bunch of things you can’t eat: Palawan pears and 20-karats of diamonds. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Trung Phan

Trung Phan Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TrungTPhan

Jul 28
The invention of bánh mì is a combination of climate, trade and urban layout of Saigon in late-19th century designed by French colonist.

When the French captured the area in 1859, most economic activity in the region took place along the Saigon river.

The population built makeshift homes tightly bundled by the river banks. Outgrowth from this eventually lead to narrow alleyways between many buildings that is trademark of the city (the Khmer named the region Prey Nokor then French renamed it Saigon and then it was renamed to Ho Chi Minh City in 1976 after end of Vietnam War).

Over decades, the French created European street grids and built wide Paris-type boulevards in the city to funnel commerce to larger markets (also make the city easier to administer).

It was at these markets that French baguettes were introduced and traded.

Bánh mì bread is known for being flaky and crispy on the outside while fluffier on inside (so god damn good).

Two features of Saigon helped create this texture:

▫️Climate: The heat and humidity in Southeast Asia leads dough to ferment faster, which creates air pockets in bread (light and fluffy).

▫️Ingredient: Wide availability of rice meant locals added rice flour to wheat flour imports (which were quite expensive). Rice flour is more resistant to moisture and creates a drier, crispier crust.

Fast forward to the 1930s: the French-designed street layout is largely complete. Now, the city centre has wide boulevards intersected by countless narrow alleyways.

The design was ideal for street vendor carts. These businesses were inspired by shophosue of colonial architecture to sell all types of goods as chaotic traffic rushed by.

Vietnam has some of the most slapping rice and soup dishes, but many people on the move in the mornings wanted something more portable and edible by hand.

Bánh mì was traditionally upper class fare but it met the need for on-the-go food.

Just fill the bread with some Vietnamese ingredients (braised pork, pickled vegetable, Vietnamese coriander, chilies) along with French goodies (pate).

Pair it with cà phê sữa đá (aka coffee with condensed milk aka caffeinated crack) and you’re laughing.Image
Image
Image
Image
Haven’t lived in Saigon for 10+ years but ate a banh mi every other day when I did.

While there, I also sold a comedy script to Fox (pitch: “The Fugitive meets Harold & Kumar set in Southeast Asia”).

It never got made but fun story to retell: readtrung.com/p/im-making-a-…
Classic episode Image
Read 4 tweets
Jul 26
the most underrated winner of the AI boom is the 15,000 person Caribbean island of Anguilla (which has a GDP of ~$320m) Image
The research team is happy to announce that we’ve played our part contributing to Anguilla’s windfall.

We also paid $99 to GoDaddy to see if we could secure one more .AI domain. Bearly.AIImage
Polynesian island Tuvalu has an even smaller population (10,000)!!
Read 4 tweets
Jun 8
someone used Veo3 to make Moses as a YouTuber live-streaming the Exodus
accent does change at end: reddit.com/r/ChatGPT/s/bO…Image
On-demand history vids like this in few years with Google Veo very plausible.

I previously wrote on YouTube as greatest athletics learning machine ever…could get souped up: readtrung.com/p/youtube-the-…
Read 4 tweets
Jun 8
reminder that no “asian guy and stripper” story will ever top Enron Lou Pai’s “asian guy and stripper” story Image
Totally forgot Lou Pai got the stripper pregnant.

If this story was transplanted to 2020s, Pai would probably have been a whale on OnlyFans and gotten got…anyways, I wrote about the economics of OF here: readtrung.com/p/onlyfans-sti…
Read 4 tweets
Apr 29
Boston Consulting Group (BCG) trained an AI slideshow maker called “Decker” on 900 templates and apparently gotten so popular that “some of its consultants are fretting about job security.” Image
Sorry, called “Deckster”. That excerpt was from this BI piece that also looked at McKinsey and Deloitte AI uses: businessinsider.com/consulting-ai-…

The Mckinsey chatbot is used by 70% of firm but same anonymous job board said it’s "functional enough" and best for "very low stakes issues." x.com/bearlyai/statu…
Here’s a r/consulting thread based on Computer World last year. Deckster was launched internally March 2024…some think it’s BS…some think it helps with cold start (B- quality): reddit.com/r/consulting/s…Image
Image
Image
Read 4 tweets
Feb 4
Norway discovered off-shore oil in 1969. It launched its sovereign wealth fund with $300m in 1996.

It’s since grown 6,000x to $1.8T or $327,000 per Norwegian (5.5m people).

The fund owns 1.5% of all global equities but, most impressively, had a UX designer put a real-time fund value tracker on its website landing page.
Norway’s SWF roughly is 65% equity, 25% bond, 10% real estate/infra (all global).

Unsurprisingly, its largest holding is Apple ($47B, or 1.4% of the entire company).

On a related note, here is my deep dive podcast on Steve Jobs and making of the iPhone: podcasts.apple.com/us/podcast/caf…
Norway spared no expense on its SWF website. Look at that carousel!
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(