Bloomberg

(Bloomberg) -- Tokyo’s fashionable Ginza district has propped up the otherwise moribund luxury sector lately, as Chinese tourists flocked to Japanese department stores to nab high-end goods. But growth has decelerated due to the strengthening yen, according to Barclays. The government’s decision to delay a sales-tax increase until 2019 might help matters, although it also means there’s now no hurry to buy expensive stuff.

To contact the reporter on this story: Matthew Boyle in London at mboyle20@bloomberg.net. To contact the editors responsible for this story: Matthew Boyle at mboyle20@bloomberg.net, Paul Jarvis, Sheldon Reback

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