Foreign luxury cars priced at more than ¥10 million in Japan are becoming popular among wealthy people who cannot travel abroad amid the coronavirus pandemic but are willing to spend money earned on the back of higher global share prices.
Domestic sales of luxury foreign-brand vehicles such as Italy's Ferrari and Britain's Bentley hit record highs in June going back to 1988, when comparable data became available, industry data showed.
The trend clearly contrasts with worsening living conditions for people on the other end of the financial spectrum, including part-time and nonregular workers, as the spread of the coronavirus has dealt a blow to employment in the service sector and other industries.