Japan

Domination nation: Japan's top convenience stores reign

Source: 
Japan Retail News

The five biggest convenience store operators in Japan claimed more than 90 percent of the market by sales for the first time in fiscal 2013. Sales for all Japanese convenience store locations totaled JPY9.81 trillion  (USD95.7 billion) for fiscal 2013, according to a Nikkei survey. 

Japan inflation quickens on back of sales tax hike

Source: 
CNBC

Japan's inflation came in as expected in June, data showed on Friday, boosted by the consumption tax hike that took effect in April.

Nationwide core consumer price index (CPI) rose 3.3 percent in June year on year, in line with a Reuters estimate and against the 3.4 percent uptick in May.

The core Tokyo CPI for July, a leading indicator, climbed an annual 2.8 percent, slightly better than a 2.7 percent rise forecast by Reuters and following the 2.8 percent gain in June.
 

Japan consumer prices rise at fastest pace since 1982

Source: 
CNBC

Japan's core consumer prices rose 3.4 percent in May from a year earlier, data on Friday showed, rising at their fastest pace since April 1982.

The rise in the core consumer price index (CPI), which excludes volatile food prices, was in line with analyst expectations in a Reuters poll for a 3.4 percent rise.

Annual consumer prices in Japan have risen for 12 straight months – a positive sign for the Bank of Japan and Prime Minister Shinzo Abe's plan to finally rid the world's third biggest economy of deflation risks.
 

Japan's supermarket sales fell 2.2pc in May

Source: 
The Japan Times Online

Sales at supermarkets in Japan fell 2.2 percent in May from a year earlier on a same-store basis – the second consecutive monthly drop following the 1 April tax hike, an industry body said on Monday.

The decline was smaller than the 5.4 percent dip posted in after the tax rate rose to 8 percent from 5 percent in April, indicating a potential recovery in consumer confidence.
 

Winds of change in Japan’s retail industry

Source: 
The Japan Times Online

The retail industry is entering into a period of major transformation. In addition to traditional entities such as department stores, supermarkets and convenience stores, new retail business forms are emerging, including mega shopping mall developments led by real estate companies and JR train terminals being turned into retail centers.

Taste for little luxuries suggest Japan's tax rise hangover fading

Source: 
CNBC

Japan needs people spending with confidence if a radical strategy adopted by Prime Minister Shinzo Abe is to succeed in breaking the economy free of two decades of deflation and sub-par growth.

Government data covering the period after the tax was increased to 8 percent from 5 percent at the start of April has begun to trickle in. Household spending and retail sales in April dropped the most in three years.

But policymakers need to wait until July or so for a fuller picture of the tax impact.

Japan's sales-tax hike turns shoppers away

Source: 
CNBC

Japan's retail sales tumbled 4.4 percent on year in April as a rise in the country's consumption tax weighed on spending, data on Thursday showed.

The number compared with analyst expectations in a Reuters poll for a fall of 3.3 percent and marked the fastest annual decline since the March 2011 earthquake and tsunami.

Japan's sales tax was raised to 8 percent from 5 percent at the start of April to help alleviate the country's huge debt burden.
 

Japan's consumer sentiment still sliding

Source: 
The Japan Times Online

Japanese consumer sentiment worsened in April for the fifth straight month to hit its lowest since August 2011, according to a Cabinet Office survey.

The seasonally adjusted index for households' outlook on living conditions six months ahead came to 37.0, down 0.5 point from March and the lowest since 36.9 in August 2011.

The Cabinet Office kept its assessment unchanged, saying that weak movements are seen in consumer sentiment.
 

Sales at department stores, electronics chains plunge after Japan's tax hike

Source: 
The Japan Times Online

Sales at department stores, electronics shops and auto dealers in Japan sank in the first month after the 1 April consumption tax hike after spiking ahead of the deadline.

Four major department store chains including Takashimaya Co. on Thursday reported plunges of between 7.9 to 15.3 percent in April from the previous year on a same-store basis as sales of jewellery and other luxury items tanked.

Among the major electronics chains, Bic Camera Inc. reported a drop of 10 percent and K's Holdings Corp. a drop of 20 percent from year-earlier levels.
 

Japan retail sales grow at fastest pace in 17 years

Source: 
The Sydney Morning Herald Online

Japanese retail sales rose in March at their fastest pace in 17 years as consumers went on a shopping spree before a national sales tax hike took effect on 1 April, setting the stage for a decline in consumer spending the following month.

The 11 percent annual increase in retail sales matched the median estimate and marked the fastest gain since the last time the government raised the sales tax in 1997, as consumers stocked up on electronics, toiletries and clothes to avoid paying higher prices.

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