Sep 14, 2016

'Safety net' needed to get young consumers to spend more: economist

Kazuhisa Takemura has an idea for helping Japan’s struggling economy: Entice younger consumers to spend more by providing them a financial and emotional cushion. Takemura, a professor of psychology at Waseda University in Tokyo who focuses on decision theory, says that if younger consumers ...

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.