ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Retail

TVs and $1,000 down coats: What Japan is buying ahead of tax hike

Stores front-load discounts to cash in on last-minute purchases

Some electronics stores report a 250% increase in OLED television sales in August. (Photo by Hisashi Iwato)

TOKYO -- Japanese consumers are rushing to buy expensive appliances, clothing and jewelry before the country's consumption tax increase on Oct. 1, retailers say, and the trend portends a drop-off in spending afterward.

At big-box electronics store chain Bic Camera, refrigerator sales climbed about 30% on the year in August.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more