Spending at Japan’s shops rises in Oct as economy reopens, outlook murky

spending at japans shops rises in oct as economy reopens outlook murky

Sumary of Spending at Japan’s shops rises in Oct as economy reopens, outlook murky:

  • TOKYO : Sales at Japan’s supermarket and department stores rose in October as the end to coronavirus curbs lifted consumption, industry data showed on Thursday, but the modest rebound suggested a full recovery will take time.
  • Sales at Japanese department stores rose 2.9per cent in October from a year earlier thanks to robust demand for jewellery and women’s clothing, according to data from the Japan Department Stores Association.
  • Those at chain stores, which include supermarkets such as Aeon and furniture stores such as Nitori Holdings, grew 3.7per cent in October from a year earlier, data from the Japan Chain Stores Association showed.
  • “A separate survey from the Japan Foodservice Association showed sales at pubs, fast food and family restaurants fell 0.5per cent in October from a year ago.
  • That was much better than a sharp 8.2per cent year-on-year drop in September, the data showed, suggesting conditions largely stabilised in October.

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