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July 28, 2024
 

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CONSUMER SPENDING

Japan Times
BUSINESS / Companies
Jun 3, 2020
Despite pandemic, Uniqlo to open new store in Tokyo's Harajuku
The opening of the shop follows a 56.5 percent plunge in Fast Retailing's domestic same-store sales in April, its worst year-on-year decline.
Japan Times
BUSINESS
Jun 3, 2020
Japan banks and cashless payment firms to explore future 'digital yen'
Three Japanese megabanks and cashless payment providers plan to set up a consortium this month in a bid to streamline and interoperate their services, a project that could evolve into the introduction of the "digital yen" envisaged by the Bank of Japan, sources close to the matter said Wednesday.
Japan Times
BUSINESS / Economy
May 29, 2020
Consumer confidence up for first time in five months in Japan
The figure is the second-lowest since April 2004 and lower than the 27.5 posted in January 2009 during the global financial crisis.
Japan Times
BUSINESS / Economy
May 22, 2020
Japan's core consumer prices show first fall in 40 months
Officials said it was too early to say whether the latest decline, the first since December 2016, was a sign of deflation.
Japan Times
BUSINESS / Economy
Apr 7, 2020
Rush to buy masks and toilet paper slows Japan's decline in household spending
Consumer spending fell in February but at a slower than expected pace as households scrambled to buy protective masks, toilet paper and food staples amid the worsening COVID-19 pandemic.
Japan Times
BUSINESS / Economy
Mar 6, 2020
Japanese household spending wilts 3.9% after warm January
Household spending fell 3.9 percent in January from the previous year as warm weather dented sales of winter equipment and goods, government data showed Friday.
Japan Times
BUSINESS / Economy
Feb 7, 2020
Japan household spending fell 4.8% in warm December, weighed down by tax hike
Household spending fell for the third straight month in December on the continued impact of October's consumption tax hike together with sluggish demand for winter items due to warm temperatures, government data showed Friday.
Japan Times
BUSINESS / Economy
Feb 1, 2020
Japanese firms preparing for prolonged economic hit from coronavirus outbreak
Japanese companies that do business in China are starting to consider measures to cope with the possibility of a prolonged coronavirus outbreak.
Japan Times
BUSINESS / Economy
Jan 10, 2020
Japan household spending falls again in November
Household spending fell for a second straight month in November and by more than forecast, according to data released Friday by the Ministry of Internal Affairs and Communications, suggesting that a higher sales tax may weigh on private consumption for some time.
Japan Times
BUSINESS / Economy
Dec 20, 2019
Japan's inflation up 0.5% in November, as tax boosts cost of dining out
Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan's 2 percent target, government data showed Friday.
Japan Times
BUSINESS / Economy
Dec 9, 2019
Japan's economy grew much faster in third quarter than first estimated
The expansion was propelled by capital investment and individual consumption ahead of the Oct. 1 consumption tax hike.
Japan Times
BUSINESS
Nov 21, 2019
Japan to allow tax-free shopping at vending machines that recognize faces and passports
The government and ruling coalition are planning to allow tax-free shopping for purchases at specific vending machines in a bid to spur spending by foreign tourists, sources said Wednesday.
Japan Times
BUSINESS / Economy
Nov 8, 2019
Household spending rose at a record year-on-year pace before Japan's October tax hike
Japan's household spending increased at the fastest pace on record in September, boosted by last-minute buying ahead of a consumption tax hike starting Oct. 1, government data showed Friday.
Japan Times
BUSINESS / Economy
Oct 30, 2019
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.
Japan Times
BUSINESS / Economy
Oct 18, 2019
Japan's inflation slows to 29-month low in September on falling oil prices
Japan's core consumer prices rose 0.3 percent in September from a year earlier, with the pace of growth slowing to a 29-month low due to lower crude oil prices, government data showed Friday.
Japan Times
BUSINESS / Economy
Oct 11, 2019
Japan's government pledges to act swiftly if economy slows after tax hike
The government has pledged that it will act swiftly, with steps that could include compiling stimulus measures, if the domestic economy shows signs of a slowdown following the recent consumption tax hike.
BUSINESS / Economy
Oct 8, 2019
China's 'Golden Week' consumer spending offers weakening economy rare respite
Spending on retail goods and dining during China's week-long National Day holidays returned to growth this year, offering unexpected respite to an economy that has been expanding at its weakest pace in almost three decades.
Japan Times
BUSINESS / Economy
Oct 2, 2019
Tax hike to heat up battle among Japan's restaurants to keep customers
The consumption tax hike has brought the restaurant industry — already grappling with shortages of labor and rising costs of materials — yet another challenge in keeping customers and attracting new ones.
Japan Times
BUSINESS / Economy
Oct 2, 2019
Japanese firms forecast 0.9% inflation over next year
Companies on average expect domestic consumer prices to rise 0.9 percent in a year's time, a quarterly Bank of Japan survey for September showed Wednesday.
Japan Times
BUSINESS / Economy / ANALYSIS
Sep 30, 2019
Despite government steps, Japan's consumption will take a hit from tax hike, analysts say
The move remains unpopular among the public, and only time will tell whether the economy will suffer a deep impact.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

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