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Japan Makes Way for China Tourist Money
From my vantage point on my recent visit to both China and Japan, the signs are clear.
China is coming. And Japan knows it.
Major department stores like Takashimaya Co. Ltd., Sogo Co. Ltd. and Mitsukoshi Ltd. are gearing up. In places like Tokyo, Osaka and Kyoto, they’re seeing a new wave of power shoppers at their counters – the Chinese.
A few short years ago, this was unthinkable.
Yet, as my wife and I strolled through downtown Kyoto, we saw it too. Most major department stores have added Chinese signage to the usual Japanese and English placards.
We…
5Jun2008 | Money Morning | Comments Off | Continued
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