Shoppers Stock Up Ahead Of Tax Hike


Shoppers stock up ahead of tax hike

Shoppers in Japan are rushing to stock up on items two days before the consumption tax is raised to 10 percent.

Many people are buying luxury products and extra quantities of daily goods while the rate is still 8 percent.

The Tobu Department Store in Tokyo's Ikebukuro district was crowded with shoppers on Saturday. The store's cosmetics section has extended a special point reward program for customers. Sales for September are up 32 percent from the same period last year.

Sales of bedding supplies at the store have jumped 50 percent this month. Down quilts priced around 700 dollars are a popular item.

Jewelry sales have risen by 67 percent. The store has sold a large number of pearl necklaces for around 2,000 dollars each.

A woman who purchased a bed for about 700 dollars said she is happy to have bought it while the tax rate is still 8 percent. She said she wants to buy whatever she needs before the consumption tax goes up on Tuesday.