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Business trends

Japan retailers feel chill with big-spending Chinese gone

Drugstores, cosmetics shops and department stores see sales fall

Matsumotokiyoshi saw essentially flat growth in tax-free sales last quarter after a 34% jump a year earlier. (Photo by Tomoki Mera)

TOKYO -- Earnings season in Japan is highlighting a recent plunge in inbound spending and its impact on drugstore chains, cosmetics makers and department stores previously favored by big-spending Chinese tourists.

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