Japan Has Increased Its Consumption Tax To 10% Since October 1St (2019).

According to the Japanese economic news report, since the consumption tax rate in Japan will rise from 8% to 10% in October 1st (2019), the Japanese people will increase their purchases of household appliances and relatively expensive clothing, and purchase the high priced goods that do not belong to the government subsidized objects.

According to statistics from Bic Camera, a large household appliance store in Japan, sales of refrigerators increased by 30% in August 2019 compared with the same period last year, and washing machines grew by 40%. In addition, the Nojima appliance store also said that the sales volume of organic EL TV has increased by 3.5 times compared with the same period last year, mainly due to the fact that many consumers use the "home appliance environmental protection integration system" for 2009~2011 to purchase flat-panel televisions, and with the business opportunities of the Tokyo Olympic Games in Ming (2020), consumers have a tendency to switch to high value-added products such as 4K TV.

Recently, Japanese consumers have also seen a rush to buy high priced goods. From the high priced commodities above hundreds of thousands of yen, the sales of long sleeves and kimono in High Island Department Store increased by 40% from 3 to August in 2019. In addition, the sales of retail shops are booming. For example, the down garments sold by the Tokyo Island Japanese shop, the high island house, have been on sale for 1 and a half months ahead of the previous year. The selling price is about 100 thousand yen, and it is reported that they have been selling well more than 60 sets, which is very popular among consumers.