Jul 26, 2016

Penny-pinching Japanese households spend less on having fun

Whether it is the young or the old, Japanese consumers are spending less on fun, and that is bad news for Abenomics. With many pensioners on fixed incomes focused on buying the essentials, and a growing number of workers in their 20s and early ...

Apr 13, 2016

OECD chief calls for consumption tax of 'at least 15%'

The chief of the Organisation for Economic Cooperation and Development suggested Wednesday that Japan raise the consumption tax from the current 8 percent to “at least 15 percent” at some point in the future. Speaking after a meeting in Tokyo with Prime Minister Shinzo ...

Households feeling little benefit from higher stocks

Apr 11, 2015

Households feeling little benefit from higher stocks

While the benchmark Nikkei 225 average briefly topped 20,000 for the first time in about 15 years on Friday, Japanese households are feeling little benefit from the higher stock market. The strong performance of the Nikkei suggests that stock market players continue giving high ...

Feb 13, 2015

Negative savings rates loom

The first-ever annual drop in Japan's household savings rate into negative territory might have been the result of people's rush to buy goods before the consumption tax hike last April. Yet, the long-term downtrend in the savings rate is forecast to continue.

Nov 27, 2014

U.S. consumer, business spending data point to slowing growth

U.S. consumer spending rose modestly in October and a key measure of business spending plans on equipment fell for a second straight month, suggesting some slowing in the pace of economic growth. Other data on Wednesday showed initial claims for jobless benefits broke above ...

75% oppose second stage of sales tax hike

Aug 15, 2014

75% oppose second stage of sales tax hike

Three-quarters of the public is against the second stage of consumption tax hike planned for October 2015, after taking a heavy blow from the first stage in April, according to the latest survey. In a survey carried out by Jiji Press over four days ...

Mar 25, 2014

'Abenomics' after the tax hike

Uncertainties are deepening with regard to the course of Japan's economy after the three-percentage-point sales tax hike takes effect in April. Meanwhile, "Abenomics" appears to be losing steam.

Mar 11, 2014

No need to break the budget

Consumers would be wise to resist the urge to break their household budget with high-end purchases before the sales tax rises by three percentage points April 1. That's because manufacturers are likely to remain as keen as ever to keep their prices competitive after ...

Feb 19, 2014

Data highlights fragility of recovery

The uptick in Japanese consumer spending in the fourth quarter of 2013 should be regarded as a result of the rush to make purchases before the consumption tax rises from 5 to 8 percent, beginning in April, rather than as an optimistic sign of ...