Japanese bought everything before the VAT increase
Japanese retail sales in March grew at a rate has not seen in 17 years, because the customers stormed the store befaore the 1 April increase of the VAT.
Japanese retail sales in March increased by 11 percent, compared to a year earlier – according to the datas published on Monday. It is the first time since 1997 that the Value Added Tax (VAT) was increased in Japan from 5 percent to 8 percent, in order to balance the budget and reduce the national debt. (MTI, tozsdeforum.hu)
Related news
More related news >
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >