» Business

Japanese govt to double duty-free shops to 10,000 by 2020

Publication Date : 06-06-2014


The government plans to double duty-free shops to about 10,000 by 2020, with an eye to the upcoming Tokyo Olympic and Paralympics.

The government is set to include such plans in its new growth strategy to be compiled at the end of June.

Currently, about 4,600 tax-free shops concentrate mainly in international airports as well as department stores and electric appliance stores in urban areas. The government intends to locate these shops not only in big cities but also in provincial areas so that more foreign tourists will be encouraged to travel there by trains and airplanes. Under the plan, the government will take steps to help local products stores in rural areas function as duty-free shops through such measures as special workshops.

Duty-free sales are rapidly increasing at department stores in the Ginza and Shinjuku districts in Tokyo. At the Ginza Mitsukoshi department store in Chuo Ward, Tokyo, sales from duty-free items in April accounted for more than 10 per cent of its total sales in the month. The number of foreign tourists to Japan surpassed 10 million in 2013 for the first time. The government eyes to double the number of foreign tourists in 2020.


Mobile Apps Newsletters ANN on You Tube