Discount Supermarkets Could Cash in on Japan’s Sales Tax Hike
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A supermarket operator that rode Japan’s bubble tea boom to a record high before losing a quarter of its market value in one month may be poised for another leg up.
Kobe Bussan Co. and other retailers that cater to cost-conscious consumers could wind up big winners after Japan raises its sales tax to 10% from 8% on Oct. 1.