TOKYO -- Tax-free sales at Japan's department stores have fallen in recent months, suggesting that high-end consumption by foreign visitors to Japan has peaked.
Retail
Tourists rein in spending at Japan's department stores
Tax-free purchases dragged down by slow luxury sales, despite record visitors
A tax refund counter in department store in Tokyo in 2024. After a surge in spending on luxury goods last year, spending by foreign tourists at department stores has fallen back. (Photo by Manami Yamada)
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