COVID-19 REDUCES SALES IN JAPAN’S AUTOMOBILE AND RETAIL INDUSTRIES

Highlights:

• Japan has been on the edge of recession due to the consumption tax hike of October 2019
• COVID-19 has drastically hit the sales of retail and automobile industry in Japan

February recorded a sharp reduction in sales across retail and automobile showrooms in Japan. The virus outbreak has reduced the tourist influx and domestic expenditure as well. The sales data came as ....