September 21, 2011

Personal consumption in Japan accounts for 60% of GDP by as incomes decline, the fate of exports becomes more serious

“...personal consumption, which accounts for about 60 percent of the nation's gross domestic product. Because exports can fluctuate greatly depending on economic conditions abroad, domestic demand should be strong enough so that the Japanese economy can withstand a sudden fall in exports. ...Temporary workers now account for about one-third of the nation's labor force. Their low wages and unstable employment are suppressing domestic demand.”

Source: Aim to expand the middle class
Wednesday, July 14, 2010
Japan Times

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