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Consumption tax increase The impact is smaller than the previous five years ago Super “Life” | NHK News

2019-10-09T12:40:19.950Z

President Takaharu Iwasaki of “Life Corporation”, a super chain that has over 270 stores in the Tokyo metropolitan area and Kansai ...


Consumption tax increase The impact is less than the previous five years ago Super "Life" Oct. 9 21:34

President Takaharu Iwasaki of “Life Corporation”, a super chain that operates over 270 stores in the Tokyo metropolitan area and Kansai, said at the press conference that last month ’s sales rose by more than 2% due to the so-called “rush demand” accompanying the increase in the consumption tax rate. He said the impact was small compared to the tax rate increase five years ago.

As a result, sales of Life Corporation last month increased by more than 2% compared to the same month last year.

Looking at the breakdown, household goods such as detergents and toilet paper increased by approximately 20%, alcoholic beverages increased by approximately 15%, and clothing such as underwear increased by approximately 10%. President Iwasaki was able to confirm the last-minute demand before the consumption tax rate was raised from the second half of last month. And

On top of that, President Iwasaki stated that “sales increased by about 10% when the consumption tax rate was raised five years ago,” and this time the reduction tax rate was applied to food, etc., and the effect was small. Showed.

Source: nhk

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