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© (c) Copyright Thomson Reuters 2019.Japan's July household spending up for eighth straight month, but at slower pace
By Daniel Leussink TOKYO©2024 GPlusMedia Inc.
14 Comments
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Kaerimashita
Meh. People don't get paid well so they don't spend.
papigiulio
Get some last spending in before the tax-hike hits. It will all go downhill from October.
Also, more stores trying to trick the customers by writing the new price (without the tax) in big numbers and in tiny numbers write the real price or 税別
drlucifer
Are the figures not inclusive of spending by chinese tourist.
I always take numbers issued by the government with a pinch of salt.
Disillusioned
These cats lie through their butts to sugar-coat the reality of the Japanese economy. The months of growth match the summer bonus payments and a surge in spending before the sales tax increase. It'll take some creativity to sugar-coat the huge drop in sales over the next three months. The first sales tax hike resulted in a drop in spending of up 25% depending on the sector and it has not recovered. And, salaries have continued to drop in the same period. One does not need to be an economist to realise that, with zero inflation and zero wage growth combined with the ever increasing costs of living the Japanese economy is doomed!
kurisupisu
My spending has certainly increased but it is on electricity for the air con and gas for showers!
I use vending machines for drinking water too in the hot summer too.
I guess it is the same for most other people...
Luddite
We're spending more as things cost more, the price of food has gone up a lot.
JJ Jetplane
Many people are spending because of the tax hike. My wife and her mother keep telling me we should buy many things before the price goes up.
What I tell them is it’s only 2%.
Toasted Heretic
For groceries like vegetables etc, I tend to rely on the local farmer who puts the daily produce out & you just feed the coins in the box if he's not around.
A bit cheaper than the local supermarket.
Disillusioned
Good for you! There's a bit of a shortage of local farmers in central Tokyo though.
Toasted Heretic
True, dat.
One of the reasons why I'm glad to live out in the sticks. No disrespect to Tokyoites, of course!
Dango bong
when you keep raising prices and taxes kinda hard to spend less
JeffLee
Real wages down while corporate profits were the second highest in the nation's history. Nope, no exploitation taking place there.
Let's have cheers for Japan's "free market" reforms!!