Japan has set off a wave of hoarding because the consumption tax will be raised in October

Japan's consumption tax will increase from 8% to 10% from October 1, triggering a wave of hoarding before the tax increase. Among them, high priced daily necessities are favored, and the sales of large household appliances such as televisions and high-grade clothing have increased significantly.

It is reported that after the consumption tax rate is increased to 10%, the ticket prices of JR railway and other private railways, subways and buses will also be increased. However, as long as monthly tickets and coupons after October are purchased within September, the consumption tax rate of 8% shall apply.

Recently, in front of the ticket window of Shibuya Station on Tokyo's Jingwang line, students and office workers rushed to buy monthly tickets before the tax increase. Relevant personnel of Jingwang electric railway company said: 'we predict that more people will buy tickets at the end of the month. I hope those who want to buy tickets within this month will try to buy tickets in advance. "

There has also been a rush to buy in the field of household appliances. In August, the domestic shipment amount of white appliances in Japan increased by 11.7% year-on-year, breaking the highest single month record in August. Among them, the shipment amount of high-priced commodities such as drum washing machines with drying function increased significantly. The overall shipment amount of washing machines increased by 25.3% year-on-year. Flat panel TV shipments in August increased by 38.1% year-on-year.

In addition, in order to improve the backward cashless payment rate, the government launched a tax rebate plan of 279.8 billion yen. Consumers can get a tax rebate of 5% for shopping in small stores through credit cards and mobile phones, and 2% for shopping in convenience stores and other enterprises.

It is reported that Japan's consumption tax rate will be increased from the current 8% to 10% from October 1. In principle, the tax objects cover all goods and services, but there are exceptions.

The Japanese government stipulates that the consumption tax rate of magazines and newspapers published more than twice a week and off-site consumption of food will be maintained at 8%. This means that the prices of groceries and takeout food will remain at the original level, but it also brings trouble to some food retailers. For example, customers clearly buy the same food, but if they choose to eat in the store, the price will be higher.