Firms trying to cash in on overseas tourists
NHK -- Jan 11
Many companies are planning to open duty-free shops in Japanese cities to attract big-spending tourists from other countries.

A firm in which the operator of Haneda Airport has the biggest stake plans to open a duty-free outlet in a department store in Tokyo's Ginza district by Lunar New Year next month.

South Korea's Lotte Group plans to open a similar shop in Ginza in March.

And a joint venture primarily set up by businesses based in Fukuoka in western Japan will begin a duty-free store in April.

While tax-free shops save customers from paying consumption tax, duty-free stores allow them to avoid duties and taxes on products such as tobacco and alcohol, as well as consumption tax.

News source: NHK
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