"Electronics retailers in Tokyo's Akihabara district, popularly known as "Akiba," are looking to tap into new sales avenues by opening duty-free shops to attract foreign customers with cash to burn....Sofmap Co., a major personal computer retailer and subsidiary of Bic Camera Inc., opened a large store specializing in duty-free products for foreign visitors...Chinese-owned Laox Co. runs the largest duty-free dedicated electronics store in the nation... the district is still the nation's mecca of electronics and anime, with more than 2 million foreign tourists visiting each year.There are about 20 large duty-free stores lining Akihabara's main Chuo-dori avenue..Foreigners who are in Japan for up to six months are exempt from the 5 percent consumption tax at the duty-free locations."
Source: Tax-free 'Akiba' lures foreigners
The Yomiuri Shimbun
Nov. 21, 2010
http://www.yomiuri.co.jp/dy/business/T101120002529.htm?from=rss&ref=dyolwsj
Source: Tax-free 'Akiba' lures foreigners
The Yomiuri Shimbun
Nov. 21, 2010
http://www.yomiuri.co.jp/dy/business/T101120002529.htm?from=rss&ref=dyolwsj
