Japanese shoppers upbeat as Abe pushes spending

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  • 11

    kurisupisu

    I Dont know anyone that is upbeat about the economic situation in Japan-this article spins like a piece of mind control.....

  • 9

    kimuzukashiiiii

    I would love to spend more money, however sadly I just dont have that much to spend. ><

  • 5

    BertieWooster

    My perception is that prices are edging up.

    Petrol (gasoline) certainly is and many household items are more expensive than last year.

    And - which is only to be expected, of course - things I buy on the internet from abroad are MUCH more expensive.

    I guess we're just going to have to tighten our belts and buy local.

  • 7

    Elvensilvan

    Abe-san, give me a raise so I can spend more money.

    Or, lower the price of regular gasoline ... say even by 20 yen per liter?

  • 1

    globalwatcher

    More worrying, the so-called core-core price index, which excludes food and energy and is similar to the core index used in the United States, declined an annual 0.7 percent, faster than a 0.6 percent decline in the year to December.

    It is very difficult to shift the gear once the CPI keeps dropping, and it may take a several years to get out. Bold BOJ action was well needed about l0-15 years ago. Well, this is a good start.

    Do not ask your government what they can do for you, everyone needs to start taking responsibility to do better for yourtself and for your country. I believe in you guys. Together, you can do it.

  • 7

    Reckless

    i would have a LOT more money to spend if my taxes went down. i just visited my city hall recently to file some useless documents and see where a large portion of my paycheck is sucked away. hundreds of mindless drones sitting in a convention atmosphere with an entitlement mentality.

  • 8

    GW

    Boy this is a nice piece of propaganda!

  • 4

    some14some

    good piece of literature not related to J.economy reality.

  • 6

    Disillusioned

    Totally contradictory to this morning's article about the jobless rate and the deflating economy. I smell 'whitewash'!

  • 4

    edojin

    Something missing in the above article. It states that "The internal affairs ministry said households spent 2.4% more than the same period last year" ... yet doesn't say when "the same period" was. Later it mentions that "prices continued to fall—dipping 0.2% in January—" so does this mean that "January" and the "same period" are actually the same?

    At the big supermarket where I shop I hear the opposite is true, that there are less shoppers recently.

    Surely the internal affairs ministry data must be correct as it came from the government-run body ... yet I get a feeling that the full story is not being told ... as has been the case when the LDP is running the country.

  • 0

    tmarie

    Perhaps people are buying large items they've been putting off because of the future tax increase and knowing their money will be worth less soon enough?

  • 7

    ifd66

    Still more of the same short sighted policies - mindless spending, consumption, for growth... No thoughts about policies to create better quality of life, quality development, balancing development with social and environmental impacts ...

  • 2

    hokkaidoguy

    BertieWooster: Petrol (gasoline) certainly is and many household items are more expensive than last year.

    Really? I filled up with regular yesterday at 147 - I can remember paying 160 last spring.

    Heating oil is pretty expensive at the moment, but it's still cheaper than it was back around 2008.

  • 1

    kurisupisu

    In my business I have lowered my prices. My wife in a semi private institution used to get a yearly raise,now it averages every five years. My dentist buys and does up secondhand cars up as a hobby as they are so cheap to buy - new car sales are languishing.All cars on my street are secondhand apart from a doctor's in front of my house. The 20 seat restaurant where I had dinner tonight had only 7-8 customers in total but employs 4 staff.

    The wages for the average language school teacher used to be 250k yen a month but but no more.

    A lot of schools pay only 200k pre tax With the plunging yen Japan certainly needs something to be done ....

  • 1

    Steve Fabricant

    Higher optional entertainment expenses -- not such a good harbinger, methinks. More like bread and circuses, or, "eat, drink, and be merry, for tomorrow...."

  • 0

    BertieWooster

    edojin,

    At the big supermarket where I shop I hear the opposite is true, that there are less shoppers recently.

    This is my perception in Okinawa too.

    In fact, recently three medium sized supermarkets near my apartment have closed down.

    The only super that seems to be mostly full of customers is the "Big" chain. And they specialise in cut price vegetables from China and very dubious looking fish and meat, the origins of which probably shouldn't be questioned very deeply.

  • 1

    BertieWooster

    Hokkaidoguy,

    Really? I filled up with regular yesterday at 147 - I can remember paying 160 last spring. Heating oil is pretty expensive at the moment, but it's still cheaper than it was back around 2008.

    I think it depends where you are. And also, of course, where you go.

    There was a Mitsui in Fushimi in Sapporo that used to be cheap.

    Luckily, now we live in Okinawa, heating oil is not an item.

  • 1

    humanrights

    This reminds me of the pre-WWII propaganda Germany used to manipulate public sentiments for Abe to gain supporters and continue his aggressive assertiveness.

  • 2

    Simon Foston

    Finance Minister Taro Aso on Friday said he was “looking to businesses to boost compensation in some form” as he met members of the Japan Business Federation, or Keidanren. While stressing that he was not demanding they accept immediate permanent pay rises, he warned that “private consumption won’t grow unless labor’s share of income is addressed”.

    I must say I find these sorts of sentiments encouraging, but honestly, if they're so intent on debt-fuelled spending splurges there are lots of better things to do with the money than waste it all on more pointless concrete. It just goes to show that at the end of the day, the LDP is more concerned with the state of its election-winning machine than the state of the country.

  • 1

    YGHome3

    After the disappointment of the DPJ episode, the people have returned to Shinzo Abe and clung to him as a savior. But how will they react when Abenomics proves to be a flop? Indeed, it is bound to fail, because it is too simplistic. The economy is not a balloon that can simply be inflated. Will people begin to realize that capitalism is not a system that can sustain society forever?

  • 0

    Kimokekahuna Hawaii

    It is not just spending money... it is what you spend it on. Some companies should fail.. there needs to be a shake out of products there are just way to many things that people buy that they dont need and that is waste which is not good for the economy, for the spirit, for land fill or for the future growth of industry that promotes a healthy and growing economic development, trade and environmental awareness.

  • 0

    jeff198527

    Oh, and the people complaining that capitalism isn't sustainable, quality of life, etc...

    This is code for socialism and communism.

  • 1

    lucabrasi

    Oh, and the people complaining that capitalism isn't sustainable, quality of life, etc... This is code for socialism and communism.

    Why "code"? Capitalism is utterly screwed, exposed for the foul rat-race it is. I don't need to hide behind euphemisms: Japan needs socialism more than ever right now, and the sooner we recognise that fact, the sooner things can improve.

    I don't know where your from, Jeff, but a lot of us come from parts of the world where socialism is seen as a pretty damn fine state of affairs.

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