JAPAN CHAIN STORES ASSOCIATION REPORTS RISE IN SUPERMARKET SALES IN 2020

Highlights –

• Japan Chain Stores Association reports a rise in Supermarket sales in 2020.
• Newly opened supermarket sales, operated by 56 companies totaled $123.34 billion.
• Food sales on a same-store basis climbed 4.7 percent in 2020.

COVID-19 REDUCES SALES IN JAPAN’S AUTOMOBILE AND RETAIL INDUSTRIES

Highlights:

• Japan has been on the edge of recession due to the consumption tax hike of October 2019
• COVID-19 has drastically hit the sales of retail and automobile industry in Japan

February recorded a sharp reduction in sales across...

JAPANESE WAGYU-BEEF PRICES FALL DUE TO TAX HIKE

Highlights:

• Japan raised its consumption tax in October 2019
• January 2020 recorded a price reduction by 9 per cent as compared to 2019

Wagyu beef is considered prime quality cut in Japan. The consumption tax hike in October saw a res...