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April 29, 2024
 

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CONSUMER SPENDING

BUSINESS / Economy
Apr 6, 2018
Japan's long growth run faces turning point as wages and spending fall
Japan's longest run of economic expansion since the 1980s asset bubble may be entering a turning point, with data out on Friday suggesting consumption will fail to drive growth if trade frictions undermine exports.
Japan Times
BUSINESS
Mar 9, 2018
Vietnam bumps Thailand down to third place in survey of interest among Japanese businesses
Interest in Vietnam among Japanese companies continues to grow, boosting the Southeast Asian country to the second spot, right behind China, for the first time in the Japan External Trade Organization's ranking of countries and areas favorable for business expansion, according to a fiscal 2017 survey by the organization.
Japan Times
COMMENTARY / Japan
Jan 21, 2018
How is your brand relationship?
When it comes to brand commitment, Japanese consumers are the world's toughest customers.
BUSINESS
Jan 18, 2018
Strong wage growth key to beating deflation, Japanese government says in report before corporate wage talks
Japan has entered a new phase in its fight against deflation, but stronger wage growth and improved productivity are needed if the economy is to turn the corner, the Cabinet Office said in a report released Thursday.
Japan Times
BUSINESS / Companies
Jul 27, 2017
LMVH profit jumps as Japan, Europe join China luxury rebound
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.
EDITORIALS
Feb 19, 2017
Consumption still key to growth
The government needs to do more to spur consumer spending.
Japan Times
JAPAN / Media / BIG IN JAPAN
Jan 21, 2017
In uncertain times, Japan opts to save
A funny thing happened on the way to the marketplace. The crowd thinned out. Consumption? Been there, done that. Enough.
EDITORIALS
Sep 19, 2016
Slowdown in tourist spending
Regional authorities, businesses and communities need to help turn around the slowdown in spending by overseas visitors.
BUSINESS / Economy
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.
EDITORIALS
Aug 21, 2016
Engel's coefficient rising in Japan
People are spending more on food, which means they are using less of their money in other areas — thereby reducing overall consumer spending.
BUSINESS / Economy
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.
BUSINESS
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.
Japan Times
BUSINESS / Economy
Oct 13, 2015
Retailers warn of dismal spending; sales tax hike seen stifling demand
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.
Japan Times
BUSINESS / Economy / ANALYSIS
May 29, 2015
Spending slump casts doubt on Bank of Japan optimism
Household spending slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target.
EDITORIALS
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.
BUSINESS / Economy
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.
EDITORIALS
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.
EDITORIALS
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 the tax hike.
EDITORIALS
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 economic recovery.
Japan Times
BUSINESS / Economy / ANALYSIS
Jan 3, 2014
Economy faces headwinds in 2014
The first stage of the sales tax hike next April will likely put a major drag on growth this year, although the nation will avert an outright recession, economists say.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Putin’s war will soon reach Russians’ tax bills
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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