Japan White Goods Shipments Hit 23-Year High in 2019
Tokyo, Jan. 27 (Jiji Press)--White goods shipments in Japan in 2019 rose 2.7 pct from the previous year to 2,510.8 billion yen, hitting their highest level since 1996, an industry group said Monday.
The growth was chiefly due to last-minute demand for air conditioners and other major appliances before the consumption tax hike from 8 pct to 10 pct on Oct. 1, the Japan Electrical Manufacturers' Association said.
Air conditioner shipments climbed 2.6 pct to 811.5 billion yen. By volume, shipments increased 1.7 pct to 9.81 million units, marking a record high since comparable data became available in 1972, mainly thanks to the effects of extreme summer heat.
Shipments of washing machines and refrigerators were also robust. Large models, allowing people to wash clothes or buy groceries for a full week at the weekend, were popular due to an increase in the number of dual-income households.
On the outlook for white goods shipments in 2020, a JEMA official said that the fallback from the rush demand in the 2019 tax raise "is expected to be relatively small," as such demand was lower than that before the previous consumption tax increase in 2014.
[Copyright The Jiji Press, Ltd.]