Japan's supermarket sales fell 1.8% in 2019 amid tax hike

Business Jan 24, 2020

Japan's supermarket sales fell 1.8% in 2019 amid tax hike

Supermarket sales in 2019 fell 1.8 percent from the previous year on a same-store basis, down for the fourth consecutive year, affected by the consumption tax hike on Oct. 1 and unfavorable weather, an industry body said Thursday. Sales at 10,550 supermarkets, including newly opened ...

IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...

Japan household spending falls again in November

Business / Economy Jan 10, 2020

Japan household spending falls again in November

Household spending fell for a second straight month in November and by more than forecast, according to data released Friday by the Ministry of Internal Affairs and Communications, suggesting that a higher sales tax may weigh on private consumption for some time. The world's third-largest ...