Massive price increase on Panasonic M43 cameras?

Started Apr 1, 2014 | Discussions thread
MichaelKJ Veteran Member • Posts: 3,466
Re: Japanese consumption tax

yonsarh wrote:

LarsLeibgott wrote:

Yesterday the GH3 was $900, the GX7 in the low $700s, the GM1 $659 with kit lens. The GH3 is now $1300, the GX7 almost $1000, and the GM1 $750.

What gives?

I heard in Japan, PM Abe announced the price of consumer products will be increased due to economy situations, thus I believe this will effect on major U.S market as well. By the way, I got brand new GM1 body for about 590$ .

Abe implemented a consumption tax in Japan that went into effect on April 1.  AFAIK this tax doesn't apply to exports.

The dollar/yen exchange has been fairly stable over the past few months (103.3 yesterday, which is lower than high of 105.3 on Jan 14), so I don't think the exchange rate can explain any recent price increases.

 MichaelKJ's gear list:MichaelKJ's gear list
Sony RX100 III Olympus PEN E-PL1 Olympus OM-D E-M5 +1 more
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