TOKYO -- Japan's e-commerce market has lost momentum after growing more than 20% since 2019. Demand for online shopping surged as consumers hunkered down at home to avoid COVID-19, but the quick end to the spending spree has dashed hopes that online retail will become a new engine of economic growth.
E-commerce grew about 20% between 2019 and 2021, according to an index compiled by Japanese analytics company Nowcast and JCB based on credit card spending. A survey conducted by the Ministry of Internal Affairs and Communications for the same period found an increase of nearly 30% in e-commerce.
%E3%82%B9%E3%83%9E%E3%82%A4%E3%83%AB%E3%82%82%E5%AE%89%E3%81%84%E3%83%8B%E3%83%83%E3%83%9B%E3%82%9A%E3%83%B3_R%E7%94%BB%E5%83%8F_1920_640.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
