
Shuttered shopping streets have become known as a symbol of a declining regional economy. During the period of high growth, these shopping districts were regarded as the centers of the respective cities or towns, where a plethora of lively activities took place. Now, they are seeing customer and visitor numbers gradually fall due to the trends of the times such as the opening of large-scale commercial malls, changes in lifestyles and business customs, and the aging population along with the low birthrate, as well as the burst of the bubble economy. It is not just a local phenomenon that is occurring in some shopping streets, but an ongoing issue that may result in the real decline of municipalities. According to a survey on the actual situations of shopping streets conducted nationwide by the Small and Medium Enterprise Agency in 2012, shopping districts that responded ... ... [Read more]