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Forums - Sales Discussion - Famitsu Sales: W40, 2019 (Sep 30 - Oct 06) - Tax Edition

TruckOSaurus said:
Can someone fill me in on this new tax business?

On Oct. 1st, Japan increased the consumption tax from 8% to 10%. The last tax hike was in 2014 and it increased from 5% to 8% and apparently caused the economy to contract. 

https://www.japantimes.co.jp/news/2019/09/30/business/economy-business/japan-consumption-tax-hike-analysts-economy

“Raising the consumption tax will naturally impose a burden on households. … There are various views on whether the impact will be quite light or somewhat deep, like what happened in 2014,” said Shinichiro Kobayashi, an economist at Mitsubishi UFJ Research and Consulting Co.

When the government raised the consumption tax to 8 percent from 5 percent in April 2014, the first jump in 17 years, the economy was dealt a serious blow, with GDP contracting two quarters in a row between April to September that year. The damage was enough for Abe to delay a planned increase to 10 percent in 2015.




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smbu2000 said:
TruckOSaurus said:
Can someone fill me in on this new tax business?

On Oct. 1st, Japan increased the consumption tax from 8% to 10%. The last tax hike was in 2014 and it increased from 5% to 8% and apparently caused the economy to contract. 

https://www.japantimes.co.jp/news/2019/09/30/business/economy-business/japan-consumption-tax-hike-analysts-economy

“Raising the consumption tax will naturally impose a burden on households. … There are various views on whether the impact will be quite light or somewhat deep, like what happened in 2014,” said Shinichiro Kobayashi, an economist at Mitsubishi UFJ Research and Consulting Co.

When the government raised the consumption tax to 8 percent from 5 percent in April 2014, the first jump in 17 years, the economy was dealt a serious blow, with GDP contracting two quarters in a row between April to September that year. The damage was enough for Abe to delay a planned increase to 10 percent in 2015.

Thanks for the info.



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54,773 people wasted money.



Ka-pi96 said:
curl-6 said:
Yuck, those are some truly depressing numbers all around. Hopefully this isn't permanent and the Japanese market can recover.
At least Switch maintains a massive lead, at more than 7:1 over its nearest competitor, PS4.

It'll recover. People are just being pussies and overreacting to a 2% tax increase. It's still lower than the tax in most European countries...

Cheers. Hopefully once the initial shock wears off people will forget about it and sales will rise again.

Was just worrying to see this week's sales drop so massively from last.



So, basically, lite is adding around 40k to the baseline.
If OG repeat last year, and lite adds an average of 40k per week(even holidays, so, lowballing?), switch might sell 4.7M this year. Not bad at all.



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Switch is looking healthy.



curl-6 said:
Ka-pi96 said:

It'll recover. People are just being pussies and overreacting to a 2% tax increase. It's still lower than the tax in most European countries...

Cheers. Hopefully once the initial shock wears off people will forget about it and sales will rise again.

Was just worrying to see this week's sales drop so massively from last.

It might also have boosted last week's sales with people rushing to buy a console sooner than they thought before the tax took effect.



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