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Days After the Consumption Tax Increases – How is Japan Doing?

On October 1 2019, the 10% consumption tax officially went into effect in Japan. Before the tax increase, the whole country witnessed massive consumption waves, in which people rushed to buy goods for storage, especially luxury items. On the last day of the old tax rate (September 30), shops and malls saw long lines queued up at checkout counters to save that 2%. What…