toward funding the social security

toward funding the social security

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All of this has been supported by a steadily rising consumption tax. Since its introduction in 1997, Japan has gradually increased the consumption tax rate to 10%, with the majority of the revenue directed toward funding the social security system. Industry experts believe that since the 2000s, nearly all core social policies in Japan have revolved around redistribution. In addition, “defensive consumption” became widespread, and affordable brands began to thrive. Experts point out that one of the most notable trends during the “Lost Decades” was the rise of value-oriented brands. Uniqlo, which opened its first store in 1984; MUJI, founded in 1980; Daiso, established in 1987; NITORI, known as the “IKEA of Japan”, was founded in 1967; and Don Quijote, which opened its first store in 1989, all became not only domestic successes but also influential global brands. ดูหนัง2025