Hope fizzles out for Japan’s ‘revenge spending’ splurge as inflation looms

With more than 90% of consumers saying that they expected everyday goods to become more expensive over the next 12 months, economists say it won't surprise them if 'revenge spending' is weaker than expected. | BLOOMBERG

Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her children even though circumstances for her single-income family have always been fairly modest. But times have changed. Nowadays, she has no trouble with used clothes and her pursuit of bargains and scrimping on the most trifling costs borders

Japan’s economy rebounds on solid consumption, but omicron clouds outlook

Japan's economy grew an annualized 5.4% in the October-December quarter. | BLOOMBERG

PHOTO GALLERY (CLICK TO ENLARGE). Japans economy rebounded in the last 3 months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new omicron variant infections cloud the outlook.Some analysts anticipate the economy to agreement again in the present quarter as increasing COVID-19 cases and

Global inflation wave pushes up prices in Japan on everything from pasta to gasoline

A gas station in Nagano on Jan. 26. Late last month, the average cost of a liter of gasoline exceeded ¥170 for the first time in more than 13 years. | KYODO

The worldwide inflation wave is seeping into the Japanese economy, with high commodity and energy prices pushing up costs of everyday items, gasoline and power.Japanese business are generally hesitant to pass greater expenses on to price-sensitive customers, but more firms are obviously being forced to do so, as costs for a multitude of products are

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