Other companies plan for tax hike with Hello Kitty promotions.
Starting April 1, for the first time since 1997, Japanese consumers are facing a rise in the national sales tax, increasing from 5 percent to 8 percent. While many retailers are worried about the slump in business, some companies have been busy finding ways to counter drops in sales.
Bandai is planning on introducing new Gashapon machines designed to dispense higher value toys in larger, can-shaped packages. According to Bandai executive officer Keisuke Okada, "we want to overcome the headwind of the tax hike by selling valuable items [at higher prices]."