Mon, Jun 18, 2018
In most countries, a billion-dollar IPO might suggest the return of an equity boom. But in Japan, it sheds light on a "thrift economy" for second-hand items, which is thriving even as the Bank of Japan tries to stoke inflation. Mercari`s app allows users to buy and sell from each other, swiping and tapping their way through items as diverse as designer clothes and toilet paper tubes.
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