Japan's Gold Market Transformation: From Major Importer to Net Exporter Japan, once a dominant force in global gold importing during the 1980s and 1990s, has undergone a significant shift in its gold market dynamics. This change was initially influenced by the introduction of a consumption tax and further accelerated after the collapse of Japan’s economic bubble in the 2000s. The country, which used to import gold extensively from various international sources, has now become a net exporter, primarily to Asia and London. This shift is exemplified by the author’s experience at a Tokyo bank branch, where gold was mostly exported during their tenure. The evolving consumption tax, rising from 3% in 1989 to 10% in 2019, plays a complex role in this transformation. Although the tax is refunded upon selling gold, theoretically not impacting gold investment negatively, it has indirectly contributed to Japan’s transition from a major gold importer to a net exporter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Silver: Preppers' Choice for Weathering Uncertainty READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE Virtual Gold Rush: How RuneScape Became Venezuela's Economic Lifeline READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Biden-Harris Administration Proposes New Rules for Extensive Student Debt Relief READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment