Galaki said:
The hell? We have 13% sales tax on everything forever here. And people blaming on a 3% increase to 8%? Did people forget games sell consoles again? |
Sales anywhere inevitably drop across the board (but especially for luxury items) after a tax increase. The last time Japan saw a tax increase like this I believe was in the 90s after the real estate bubble popped and their economy essentially collapsed, and couple that with the fact that this is merely the first stage of the tax hike in that October of next year the sales tax goes up two percent more to an even ten, thereby doubling in under two years, it's only natural for people to be more careful and concerned about their money.
