• Kyodo News


The bleak economic outlook is spurring consumers to pinch their pennies, and in response retailers are offering ever deeper discounts to lure shoppers smarting from pay cuts and worried about the future.

The government in its monthly economic report released Nov. 18 assessed the situation as a state of deflation for the first time in three years.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.