Chinese tourists boost Japanese premium-mall sales
They touch a record in 2015, jumping by more than 10 per cent to between 300b yen and 350b yen
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Tokyo
CHINESE tourists buying million-yen watches and luxury brands helped boost sales at Japanese premium outlet malls owned by Mitsubishi Estate Co to a record last year, as a weaker currency led to a surge in bargain-hunting visitors.
Premium outlet sales jumped by more than 10 per cent to between 300 billion yen (S$3.7 billion) and 350 billion yen in 2015, Yutaka Tajima, a senior executive officer at Mitsubishi Estate, said in an interview in Tokyo on Monday. He is targeting higher sales this year, he added.
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