Business trendsBig drop in tourist tax-free spending signals sluggish days ahead for Japan
Japanese department stores suffer a 41% plunge in June
Tokyo's time-honored Isetan Shinjuku department store. The emporium's operator has introduced a smartphone app for overseas customers, providing discount coupons as well as information about its outlets in English, Chinese and Korean. (Photo by Makoto Okada)
TOKYO -- Japanese department store sales have been slowing in recent months amid signs that one well-heeled segment of shoppers is losing its appetite for lavish spending, partly due to the knock-on effects of U.S. President Donald Trump's tariff blitz.