Japan’s 2020 home appliance sales climb to 24-year high
Jan 26, 2021 19:00
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The value of home electrical appliance sales in Japan during 2020 reached Yen 2.54 trillion ($24.45 billion), up only 1% on year but still the highest since 1996, according to the latest data released by the Japan Electrical Manufacturers’ Association on January 25. JEMA attributed the rise to more people spending more time at home to stay safe from the COVID virus last year.
The on-year rise was small, JEMA noted,
explaining that sales in 2019 were comparatively high as consumers rushed to
buy new appliances before the national consumption tax was increased effective
October 1 2019.
A flat-steel sales official observed that as
of last December, overall steel sales to domestic home appliance makers were
still below on year.