Japan April duty-free sales up for 2nd month on higher shopper spending
Ideas
Even though many Chinese tourists have not taken trips to Japan, there has still been a sizable number that have gone to Japan and continue to spend, and even spend in the duty free shops in Tokyo and Osaka.
The Chinese are still the largest spenders of foreign tourists going to Japan, which points to the idea that the Chinese economy, and especially the middle class in China, is continuing to increase every day, month, and year.
South Koreans, for the most part, are big luxury goods spenders as many cities in South Korea, and especially Seoul, have huge duty free stores and luxury goods stores, and while there might be continued signs of inflation in Seoul and South Korea they continue to spend like crazy on duty free goods and luxury type goods.
The same might be said of Taiwanese tourists going to Osaka or Tokyo as they too are big duty free and luxury goods spenders and might be even more than the South Korean shoppers in Osaka and Tokyo.
The weak Japanese yen is a major reason for why some tourists or many tourists go to Japan as their purchasing power is much larger which means they can spend more for whatever they want to buy and including duty free or luxury goods in Japan.
It also means, tourists on a budget can get by easily without having to over spend and can have reasonable trips to Japan without the worry of running out of whatever currency they have.
Japan, as usual, for whatever reason doesn't seem to monitor its language which has often caused diplomatic stress between China and Japan, and the latest incident is just one of many that has taken place the past decade or so.
But at the same time, diplomatic relations between South Korea and Japan seem to be stable at the moment, as Japan too in the past, has had stressful diplomatic situations which many South Koreans, for the most part, would boycott Japanese goods sold in South Korea.
April in Japan, depending on which part of the country person is in, can sometimes still be a little cold, but if an early spring happens to hit the county, which sometimes does happen even in March, shoppers will get out and buy spring type clothes or even begin to look for summer type closes or early sales of spring and summer type closes which seems to be the case this year.
Japanese consumers, again for the most part, are not super shoppers like in the US as they tend to be a little more conservative and are more savers than shoppers, but there are some periods such as early spring, Golden Week, the Obon or summer season, and even December with Xmas and the end of the year holiday period when Japanese consumer tend to spend a lot.
Despite some thinking Japanese shoppers are frugal shoppers there is a segment of the Japanese population that is extremely wealthy and have no problem spending on whatever they want or need including taking expensive trips to Europe or even Hawaii.
However, most Japanese are not in the affluent group and most still need to watch carefully their household budgets even though they might see or want the same things as the affluent do they tend to refrain from buying super expensive goods.
But in Japan, and in South Korea, China, and Taiwan there is still the tendency for younger shoppers to buy or chase the brands they want and need and some might feel they have to have buy the expensive brands to keep up with those in their age group.
Quite possibly, just possibly, this could be the beginning of a spending boom, albeit a small boom and maybe Japanese households and consumers are tired of pinching pennies and just want to get out and spend like they started to do just after the pandemic when they were, for the most part, secluded in their homes.
But then again, this seems to happen every spring just before the beginning of Golden Week and when companies give out the annual spring style bonus and Japanese consumers begin to spend more and save a little less during this period.
Have a nice day!
Article source: https://mainichi.jp/english/articles/20260525/p2g/00m/0na/044000c