Japan retail: Tourism can’t lift all boats

(Source: Unsplash)
Sales results for June reported by some large Japanese companies suggest that there are pockets of genuine strength in retail, but it remains concentrated in particular regions and is heavily dependent on tourism.  More generally, as Japan’s retailers anniversaried the steep post-Covid-19 recovery of last year, growth was always going to get tougher. The government’s Ministry of Economy, Trade and Industry (METI), which measures monthly retail trade at large chains, reported that sales

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