March 20, 2012

Japanese consumers price sensitive as restructuring hits household spending

Picture: Homeless

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

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