100 Yen Stores In Japan
Japan - Fukuoka - Kobe - Nagoya - Tokyo - Osaka - Hiroshima - Kyoto - Yokohama -
100 Yen Shops in Japan have gained immense popularity over the last few years. It is one of the prime attractions for tourists visiting Japan. Since 2001, these One Coin Shops have made their existence felt across the nation. Whenever you are out on the streets of Japan, look around and you will see them everywhere.
In case you're wondering what this 100 yen stores of Japan is all about, let us give you some idea. The Japanese 100 yen stores are the shops where you can find a vast array of items, which include stationery, household goods, clothes, leisure products, tools, gardenware, kitchenware, tableware and so on. These stores are conceived from the same concept of dollar stores in the United States. In these shops, the products are priced at an alluring hundred yens, which is equivalent to 1 US dollar. But the customer has also to pay the five percent consumption tax, making it a 105 yen price tag on each and every item.
One of the prime reasons of the upsurge of one coin shops in Japan have is due to the economic recession that prevailed over the Japanese economy for a decade. In the beginning, the vendors of these shops used temporary tents and were located near the entrances of the supermarkets. With the changing times and rising economic graph, the hundred yen stores in Japan are now held under the roofs of multi-storey buildings and departmental stores. Though, they can still be found in some corner of a shopping mall.
The Daiso Industries Co. Ltd. is one of the big players in this sector. Owned by Hirotake Yano, the company runs "The Daiso" (sic) chain. The first such 100 yen store was opened in 1991. Presently, the chain consists of 1,300 odd stores in Japan. Each month, 40 stores are being added to the chain.
The Japanese 100 yen shops tend to buy items in large volumes from mainland China as well as countries like Brazil. This allows them to gain large discounts on the products they are buying. From a consumer's perspective, it is highly profitable, as the 100 yen item may have cost five times more, had it been any other outlet. Nevertheless, the 100 yen vendors still stand to make profit from the items sold.
For more information on Japan, visit AsiaRooms.com.
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