The random fact I have for you this week isn’t exactly good news, but it’s something that’s going to affect everyone in the scene, near and far, so listen up! On April 1st the national consumption (sales) tax rate in Japan will increase from its current 5% to 8%. For those of you from pricier lands, this may be nothing to bat an eye at, but it means big things for Japan: business all over the country are not only having to increase their prices, but some Internet retailers are also temporarily suspending online orders until they get their systems updated with new tax information.
For those of you hoping — nope, this is no April Fool’s joke!
So, what does this mean for you? In a nutshell, prices are going to go up on all your favorite artists’ goods from Japan. Luckily, most CD shops tend to let you know how much the total price of an item is — tax included — before you put it in your virtual shopping cart, so you’ll be in-the-know right away about costs.
Be prepared for some potential downtime on your favorite shopping sites, and keep an eye on your virtual retailers’ policies about the change starting in April!
Do you feel like you might need some perspective about prices? Well, here are some basic conversions for standard CD prices!
￥1000 yen before tax → ￥1080 after April 1st
￥1500 yen before tax → ￥1620 after tax (after April 1st)
￥2000 yen before tax → ￥2160 after tax (after April 1st)
￥2500 yen before tax → ￥2700 after tax (after April 1st)
￥3000 yen before tax → ￥3240 after tax (after April 1st)
Whether or not these are a big difference for you depends on what you’re used to! For me, I only have a few coins lying around the ol’ hamster wheel, so I’d better start buying my CDs before April! What about you, readers? Are you planning on stocking up now, or can you roll with the punches?