According to a report released by Japan's National Tax Agency, whisky exports in 2020 grew 39.4% from the previous year, with those to China topping the country-by-country list.
Japanese e-commerce startup Inagora Inc. has opened an online shop for Japanese goods on the cross-border platform of popular Chinese video-sharing mobile app Kuaishou. Inagora launched. | June 9, 2021
May 26, 2021
It used to be a common sight in major Japanese cities, especially during the Lunar New Year holidays: hordes of Chinese tourists arriving on buses and cruise ships and going on shopping sprees for duty-free, made in Japan goods. There’s even a term for that particular consumer behavior: bakugai, or explosive buying.
International travel, however, has come to a standstill amid tougher border controls caused by the pandemic, dealing a heavy blow to corporations that have relied on the purchasing power of inbound visitors from the world’s second-largest economy. In 2019, foreign visitors of which nearly a third were Chinese spent ¥4.8 trillion in Japan. Last year, spending plunged 85% to an estimated ¥745 billion.