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



May 28, 2018, Poland:
Multi’s Polish flagship project opened its doors to the public.
May 15, 2018, United Arab Emirates:
Waterfront dining, retail, and entertainment attraction brings more lifestyle options to Palm Jumeirah.
May 15, 2018, United Kingdom:
Springfields Adventure Land will include the UK’s largest JCB Young Drivers Zone.
May 3, 2018, China:
New DNA Shopping Mall is Leigh & Orange’s (L&O) latest retail project to open.
Apr 23, 2018, United Kingdom:
New World Trading Company has chosen to open its latest venture at intu’s transformational retail and leisure extension.
Apr 12, 2018, USA:
Exciting New Creative Plans Announced for Former Sears.
Friend
and Follow
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


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