Japanese retail group Fast Retailing said on Thursday it was slashing prices by around 9 per cent at its Uniqlo and GU stores in Japan.

The company said it recognised that many customers were experiencing “unprecedented difficulties because of the coronavirus pandemic”.

The company also said its price tags and displays will be fixed to be tax inclusive, to spare customers the bother of making calculations.

There was no reference to the company’s pricing plans in other international markets in which it operates.

• Reporting by Ritsuko Ando; Editing by Leslie Adler, of Reuters.