Tag - consumer-spending

 
 

CONSUMER SPENDING

Japanese household spending fell 0.5% in February from a year earlier, down for a 12th straight month, indicating the impact of persistent price increases on spending patterns.
BUSINESS / Economy
Apr 5, 2024
Japan’s households continue to cut outlays as inflation hits
Outlays decreased 0.5% in February from a year ago, sliding for a 12th consecutive month.
A man works at a supermarket in Tokyo last month. Price increases backed by higher ingredient costs have started to come back due to unstable weather, Teikoku Databank has said.
BUSINESS / Economy
Mar 30, 2024
Japan to see prices of 2,806 food items raised in April
The figure exceeds 2,000 for the first time since October last year, though down 48.1% from April last year, when prices increased for 5,404 items.
Japan's economy stumbled into a recession in the October-December quarter last year on weak domestic demand, preliminary estimates have shown.
BUSINESS / Economy
Mar 8, 2024
Japan household spending logs biggest drop in 35 months in January
Household spending in January decreased by 6.3% from a year earlier and was down for the 11th straight month.
Japan's consumer price index for January rose 2% from a year ago, topping estimates to support the Bank of Japan's move to end its negative interest rate policy.
BUSINESS / Economy
Feb 27, 2024
January inflation topped forecasts, data shows, supporting BOJ policy shift
Consumer prices excluding fresh food rose 2% from a year ago, while prices of processed food gained 5.9% and prices for lodging increased by 27%.
Customers look for Valentine's Day chocolate at Kintetsu Department Store's flagship outlet in the city of Osaka in January.
BUSINESS / Economy
Feb 8, 2024
Japan’s Valentine’s Day chocolate budget sees 34% rise
About 22% of survey participants said they would purchase chocolates for themselves — 3.4 times more than those buying for a romantic partner.
Seiste's ¥1,650 limited-edition ice cream will be available for eat-in customers throughout the Valentine's Day period at the Matsuya department store in Tokyo's Ginza district.
BUSINESS / Companies
Jan 25, 2024
Tokyo department stores to offer in-store dining options for Valentine's Day
In recent years, the Feb. 14 celebration has evolved from a day of gifting sweets to a celebration of love for chocolate.
Consumer price gains in Tokyo slowed for a second month in December.
BUSINESS / Economy
Jan 9, 2024
Tokyo inflation slows as thrifty consumers curb some outlays
Consumer prices excluding fresh food rose 2.1% in the capital, decelerating from 2.3% in November.
Workers walk past an underconstruction area with completed office towers in the background in Shenzhen's Qianhai new district on Aug. 25, 2023.
BUSINESS / Economy
Jan 1, 2024
China's strained economy casts shadow over 2024
Last year, the economy was roiled by a real estate crisis, falling consumer confidence, deflation and the disappearance of foreign investment.
More than 40% of consumers in Japan have been swindled by websites or apps using "dark patterns," a survey has found.
JAPAN
Dec 11, 2023
Over 40% of consumers in Japan fall prey to 'dark pattern' sites
Deceptive web or app designs known as "dark patterns" trick consumers into making choices they would not have otherwise made.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
Japan's household spending dropped 2.7% in July from the previous month, as persistent inflation continued to erode purchasing power.
BUSINESS / Economy
Sep 5, 2023
Japan’s households cut back spending as Kishida considers measures
Weak data indicate an economy struggling to build momentum as inflation outpaces wage gains and consumer spending remains below pre-pandemic levels.
Foreign visitors in Kyoto. Local governments are rushing to use big data on spending by foreign visitors to analyze trends.
JAPAN
Aug 24, 2023
Local governments tap big data on spending by foreign visitors
Such data allows authorities to analyze consumption trends in detail, "visualize" markets and place targeted advertisements.
Staff from All Nippon Airways and a travel agency escort a Chinese tour group from Beijing upon their arrival at Haneda Airport in Tokyo on Wednesday.
BUSINESS / Economy
Aug 24, 2023
Will 'explosive spending' return to Japan with China group tours?
Hopes the tours will herald big returns clash with a struggling Chinese economy and Japan's controversial release of treated wastewater into the sea.
Kimono-clad visitors take selfie photographs at Kiyomizu Temple in Kyoto on Friday.
JAPAN
Aug 16, 2023
In July, Japan welcomed most overseas visitors since pandemic hit
The weak yen is helping to boost tourism and contribute to a surge in growth for the world's third-largest economy.
The Japan National Tourism Organization's booth at the Beijing International Tourism Expo in Beijing in June
BUSINESS / Economy
Aug 15, 2023
Return of Chinese group tours to Japan to bring economic boost
The average amount of spending by individual Chinese tourists is the second largest at ¥338,238, just behind ¥358,888 by travelers from the U.K.
Japan’s economy has expanded at a much faster pace than forecast, despite weak domestic consumption.
BUSINESS / Economy
Aug 15, 2023
Japan’s GDP grows at 6% on strong exports as consumption falters
Capital spending by businesses was flat, versus forecasts of a 0.4% increase, while private consumption unexpectedly declined by 0.5%.
Tokyo's Asakusa district, a popular destination for foreign tourists, on Thursday
BUSINESS / Economy
Aug 11, 2023
Japan welcomes return of Chinese group tours amid labor shortage fear
Despite high hopes, some experts warn that China's slow economic recovery could hinder many from overseas travel.
People board a shinkansen at Tokyo Station on Friday
BUSINESS / Economy
Aug 11, 2023
Holidaymakers to boost spending as Japan growth at tipping point
It is a mixed bag for Japan as everyday goods have become much pricier, but pent-up demand has aided private consumption.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Prime Minister Fumio Kishida speaks at a meeting of the government's Council on Economic and Fiscal Policy at the Prime Minister's Office in Tokyo Tuesday.
NEWS Web
Jul 25, 2023
Japan expects smaller deficit in fiscal 2025, but primary balance goal unmet
The updated estimate, based on a more optimistic economic growth scenario, still underscores the daunting challenge of restoring the country's fiscal health.

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