Book: Human Resource Management in Japan
"Keiji Kanda, an economist at Daiwa Institute of Research
(discusses assessment of the Japanese economy)..
"About one-third of workers in Japan are part-timers, and many of them are the main breadwinner for the household," Kanda said...."Once companies lay off full-time workers and get away with part-timers, they do not go back..."Under these circumstance, it is true that consumers are becoming more sensitive about prices.""
Source:Cheap chic Uniqlo booms in deflationary Japan
Posted: 18 March 2012
Channel Asia News