business

Japan's household spending rebounds as wages rise, trade woes cloud outlook

11 Comments
By Leika Kihara

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11 Comments
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A pick-up in consumption and wage growth could help the Bank of Japan make its case that inflation will gradually head toward its ambitious 2 percent target.

Who writes this propaganda drivel....?

No it won,t as the article itself precisely says a few lines later

Household spending rose 0.1 percent in July from a year earlier, government data showed on Friday, confounding a median market forecast for a 0.9 percent drop and rebounding after five straight month of declines.

One or two months of growth that are regularly followed by months of spending decline does not bode well for the BoJ pie in the sky target.

11 ( +12 / -1 )

With a massive downturn in tourism on the way-associated clean-up costs for the two latest disasters then this trend will soon be reversed....

-3 ( +1 / -4 )

No store is seeing my money. That’s for sure. If I buy something it’s for DIY which costs less, is of better quality, and more satisfying.

4 ( +6 / -2 )

Wages up, spending up, economy strong. But, still some people complain.

-20 ( +0 / -20 )

Wages up, spending up, economy strong. But, still some people complain.

Do you even read the articles before posting? It clearly says " 5 straight months of spending declines followed by 0.1% rise in July".

But then things are always rosy in the LDP propaganda world.

15 ( +15 / -0 )

Japan's household spending rebounds as wages rise, trade woes cloud outlook

Thats odd! It was just three days ago another report stated consumer spending was down and salaries hadn’t risen. This is just total lip service BS from the powers the want to be.

10 ( +10 / -0 )

" higher bonus payments pushed up real wages, ----" I guess that all those people on their miserable minimum wage are not on real wages. Minimum wage is the lowest out of all OCED countries surveyed. New Zealand minimum wage is around 1,200 Yen and NZ type consumption tax is 15%. But, free public hospital, Accident compensation for all, no additional pension payments, voluntary health payments and many goods far cheaper than Japan. Especially food. By the way, what is good about inflation ?

3 ( +3 / -0 )

Wages up, spending up, economy strong. But, still some people complain.

I'm curious to hear whether YOUR wage went up this past quarter.

Do the hustle,

Yes, I believe I read the same report. I'm sure Abe has his own backroom propaganda machine pumping out lies prior to the leadership vote.

marcelito,

Exactly! It seems the LDP will stop at nothing to spin the the news in the way it sees most beneficial.

BOJ: "Spending up due to the imminent tax increase."

LDP: "Let's go with just 'Spending up' please!"

3 ( +3 / -0 )

With a massive downturn in tourism on the way - associated clean-up costs for the two latest disasters

Those two things you mentioned usually cancel each other out as the cleanup "costs" are actually an injection of money into the economy via infrastructure/other repairs as well as insurance company payouts.

The downside is more likely to be a rise in Yen as money is often repatriated after a large natural disaster.

1 ( +1 / -0 )

Geez Ganbare Japan! you believe anything a government throws at you.

2 ( +2 / -0 )

@Mike Wyckoff

What do insurance companies do after a big disaster?

Thats right!

They increase premiums thereby taking disposable income away from consumers.

That isn’t good for an economy is it......

0 ( +0 / -0 )

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