July 22, 2019 08:14
Sales of Japanese beer have tumbled in convenience stores nationwide as more Koreans boycott Japanese goods, following Japan's restrictions on exports to Korea in a spat over compensation for wartime forced labor victims.
According to CU, Korea's largest convenience store chain, sales of Japanese beer plunged more than 40 percent on-year over the first 18 days of July. Yet total beer sales rose 1.2 percent.
The spat has also impacted the tourism industry. The number of Korean visitors to Japan fell 3.8 percent on-year in the first half of the year, the first decline in five years.
The Japanese daily Sankei Shimbun said Japan could struggle to reach its goal of 40 million foreign visitors next year despite the Summer Olympics in Tokyo.
The boycott is still gathering traction.
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