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Japan's Households Cut Outlays Again With Inflation Still Sticky.
In: Bloomberg.com, 2024-05-09, S. N.PAG
Online
serialPeriodical
Zugriff:
Japan's households have reduced their spending for the 13th consecutive month, with real outlays decreasing by 1.2% in March compared to the previous year. This decline in spending reflects the struggle of households to keep up with the rising costs of living, as real wages have fallen for 24 straight months. Consumer confidence has also declined, indicating a reluctance to purchase durable goods. However, there is hope for improvement as large companies have committed to significant wage hikes, which could boost spending even if inflation remains high. The Bank of Japan sees an increase in consumption as crucial for the economy to transition to demand-driven inflation. [Extracted from the article]
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Japan's Households Cut Outlays Again With Inflation Still Sticky.
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Autor/in / Beteiligte Person: | Nohara, Yoshiaki |
Zeitschrift: | Bloomberg.com, 2024-05-09, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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