Find in the news:
BY COUNTRY

Tax increase causes retail sales decline in Japan



Retail sales in Japan have fallen by 4.4% during April, compared with April last year.
This has been attributed to a rise in the sales tax rate, from 5% to 8%.  This is the first increase in 17 years. Analysts believe that the drop in sales is also due to people buying ahead of the increase date.  This was evident in the March sales which grow by 11 % - the highest since March 1997, BBC says.
The sales tax rise is expected to aid the country in achieving its inflation target of 2%.  Japan has been struggling with deflation for the past 20 years. This has affected domestic consumption, as businesses and consumers delay purchases in the hope of obtaining a better deal later.
Policymakers are working hard on ending this cycle in a bid to revive economic growth.  Some of the measures taken have had positive effects, and consumer prices have increased in Japan. The country hopes that with rising prices, businesses and consumers will be forced into spending money and not holding back on purchases.
There are concerns that the tax increase may prompt people to stop buying which will hurt domestic demand.  Analysts are hoping that this is a temporary sales setback.


More about shopping malls in Japan



Dec 12, 2018, Finland:
With the approach of the New Year holidays, we are launching a series of reviews on the most popular tourist destinations.
Dec 11, 2018, United Kingdom:
Amazon is preparing to open the first innovative Amazon Go store in London.
Dec 5, 2018, Japan:
The project is being developed in partnership with the Japanese video game manufacturer Bandai Namco Amusement.
Nov 29, 2018, Finland:
Among the tenants of Zsar Outlet Village are the stores of Hugo Boss, Lindt, Liu Jo, Guess, Roberto Cavalli, Braccialini and other brands.
Nov 27, 2018, France:
Located less than an hour from the center of Paris, Designer Outlet Normandie set to become a key attraction for international tourists.
Nov 21, 2018, Philippines:
The grand-scale store of the Swedish furniture giant released as tenant of Mall of Asia in Manila.
ICSC ECE

Friend
and Follow
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us