TOKYO -- Major Japanese retailers in September-November enjoyed their most profitable quarter since the global spread of COVID-19, buoyed by price hikes and a recovery in inbound tourism, a Nikkei analysis found.
Retail
Tourism and price hikes send Japan retail profits to post-COVID highs
Quarterly earnings up despite relatively weak domestic consumer spending
Foreign tourists shop at a Tokyo department store. (Photo by Kosuke Imamura)
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