Sunday, October 11, 2015

Slow Consumer Spending in Japan

Retail reports from Japan suggest consumers in that country are being more restrained in their purchases of clothing and manufactured goods. Retailers’ reports tell the story: Japanese consumers continue to spend on food and transportation, but with food prices rising and tax increases on the way, “Consumer spending has ground to a halt.” Economic outlook summary from Reuters:

Japan is one of the key markets for consumer goods, but it cannot be expected to contribute to global growth in that area within the next year.

No comments:

Post a Comment