The logo of Mercari is displayed at the company's Tokyo headquarters in Tokyo, Japan, June 15, 2018. Picture taken June 15, 2018. REUTERS/Issei Kato
TOKYO: When flea market app Mercari makes its market debut on June 19, it will mark the appearance of one of Japan's rarest beasts: a tech unicorn.
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.
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