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Consumer

Japan consumer tax hike spurs last-minute shopping sprees

Shoppers in Tokyo rush to buy big-ticket goods before rate increases to 10%

(Photo by Kosaku Mimura)

TOKYO -- Japanese consumers are cramming in last-minute shopping sprees this weekend to save 2% on big-ticket purchases ahead of a consumption tax hike set for Tuesday in Asia's second-largest economy.

In the Yodobashi Camera electronics store in the bustling town of Akihabara in Tokyo, banners and point of sales advertisements hammer home to shoppers that now is the best time to make big purchases.

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