Japan's consumer prices rose again in July, official data showed Friday, due mainly to rising energy costs and still way below the central bank's long-delayed inflation target. After stripping out the volatile cost of fresh food, the inflation rate came in at 0.5 percent, the ...
LVMH's first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. The world's biggest luxury-goods company said Japan was boosted by promotional activity like staging Louis ...
Household spending dropped again in April, official figures showed Tuesday, as consumers kept a tight hold on their purse strings despite years of government efforts to boost spending. The fresh data attest to what analysts believe is a broader picture of the economy — it ...
A funny thing happened on the way to the marketplace. The crowd thinned out. Consumption? Been there, done that. Enough. It's a watershed. Minimal consumption equals a minimal economy — which equals what, long-term? The dreadful deprivation of the 1930s and '40s fed a ...
The government plans to draw up guidelines by the end of March aimed at getting companies to make more use of personal data such as customers' buying history. The guidelines are expected to include rules for protecting individual rights, informed sources said. Through the guidelines, the ...
Regional authorities, businesses and communities need to help turn around the slowdown in spending by overseas visitors.
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 in ...
People are spending more on food, which means they are using less of their money in other areas — thereby reducing overall consumer spending.
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 30s ...
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 Abe ...
Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling. If you go by the larger-than-expected ...
