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Industry Topics
February 09, 2020 05:07 PM
2019 Music Products Retail Market Survey
It seems that the largest concerns for retailers in Japan in 2019 were hike of consumption tax, which is complicated with different rates applied depending on conditions and commodities, and up to 5% pay back system of consumption tax on purchases under the Government-funded cashless payment promotional program. It’s understandable that considerable number of retailers got discomposed to handle these issues.
The consumption tax hike was much smaller and less influential compared to the last time...
February 05, 2020 04:29 PM
Japan-U.S. Trade Agreement Enforced
Japan and U.S reached agreement on trade and digital trade October 7 in White House, Washington D.C, and it took effect Jan. 1 this year.
U.S import tax on Japanese origin upright pianos, grand pianos, brass and woodwind instruments, large keyboard instruments, accordions, electronic keyboards, other electronic musical instruments, parts & accessories is now reduced. Bowed instruments including violins, guitars and percussion instruments are excluded from the agreement.
Tokyo Musical Instrum...
February 05, 2020 04:25 PM
Yamaha Refurbishes Flagship Retail Store in Ginza
Yamaha Music Retailing, recently announced a plan to refurbish limited floors of its main store building in Ginza, Tokyo. The ground floor and 1st and 2nd basement floors will be tentatively closed from March 2 to July.
After March 2, sales space for guitars, drums and digital musical instruments on the 1st basement will move to 4th floor. Digital piano and Electones on the 1st floor will be relocated on 5th floor, and CDs, DVDs, printed music and music books on the ground floor will be found on...
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