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Japan ecommerce Market will be US$ 325.9 Billion by 2026 | Renub Research
Japan ecommerce Market will be US$ 325.9 Billion by 2026. This growth is due to the transformation of shopping behaviour which is shifting to online market place from brick and mortar store.
By: Renub Research
Besides that single language culture of Japan enables every customer to get adequate information about products listed on ecommerce sites. Japan has one of the advanced infrastructures in the world with better internet connectivity and the urban population who are willing to buy products through ecommerce sites. According to Renub Research analysis Japan ecommerce Market is forecasted to be US$ 325.9 Billion by the end of the year 2026.
The impact of COVID-19 on Japan eCommerce Market
Japanese government had imposed lockdown and declared a state of emergency to prevent the citizen from the deadly impact of COVID, due to this supply chain of goods was disturbed in the first half of the year 2020. During this period, only medical and essentials goods were allowed to be supplied in Japan. The market for other goods like clothing, footwear, bags and accessories declined in this period. Items like personal hygiene were sold at higher prices and in larger quantity. According to Renub Research analysis, the ecommerce market in Japan will decline in the year 2020, and it will recover in the year 2021 to grow at a much higher rate in the forecasted years.
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