JAPAN SUPERMARKETS FACE MAJOR LOSS AFTER DIP IN CHINESE TOURISTS

Highlights:

• Losses were reported by supermarkets in double digit figures
• Coronavirus outbreak has disrupted the Chinese tourists visits to Japan

Retail stores in Japan have reported major losses after reduced tourist numbers due to Coronavirus outbreak. Japan offers tax-free sales to tourists during the Lunar New Year holiday season.

This year, the country saw drastic re....