By HIROTAKA YAMAGUCHI/ Staff Writer
August 26, 2025 at 16:20 JST
Foreign tourists in front of the Matsuya Ginza store in Tokyo’s Chuo Ward on Aug. 25 (Hirotaka Yamaguchi)
Duty-free sales among foreign visitors, which had led to soaring profits for Japanese department stores, have continued to decline as the strengthening yen makes luxury products less of a deal for tourists. [Read More]
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