Japanese Customer News June 20th 2015

Japanese Customer News June 20th 2015

Japanese Customer News June 20th 2015





● “Japan is not yet profitable but Jetstar has become the leading low-cost airline with 60 per cent of the market and has boosted demand for travel, “were making it possible for Japanese consumers to do things they haven’t been able to do before”

Jayne Hrdlicka, Jetstar Group CEO

Source: Panda-mania pays off for Jetstar by Steve Creedy, The Australian, Wednesday 17th June, 2015, page 20.


● “Number of millionaire households (thousands)

Country 2014 2013

1. USA 6906 6595

2. China 3613 2425

3. Japan 1125 1074

8. Taiwan 325 310

13. Australia 215 182”

Source: Boston Consulting Group

Source: After US, China’s rich list longest, The Australian, Wednesday 17th June, 2015, page 21.



● “the government estimates that Australia’s surplus with Japan this year will reach $24.5 billion”..Japan is..a big buyer of Australian commodities…coal, iron ore..beef..LNG..”

Source: Australia’s trade surplus with Japan tops China, by James Glynn, The Australian, Wednesday 17th June, 2015, page 28.




● “…a Japanese corporate governance code that took effect this month..as cross-shareholding structures come under fire…a decades-old practice in which companies strengthened alliances by buying each others stock. These cross- share-holdings enabled companies to more easily fend off outside interference…takeover attempts or investors demands for higher returns”

Source: New rules unravel Asian shareholdings, by Atsuko Fukase, The Wall Street Journal, The Australian, Thursday June 17th 2015, page 26.




● “Tax revenues have risen by about Y10 trillion overall in the past three years”

Source: Abe’s five year plan to tackle Japan’s huge debt and deficit, by Tatsuo Ito, The Wall Street Journal, Thhe Australian, Friday June 19th, 2015, page 24.

● “Japan’s government debt,…is more than twice the size of the national economy at Y 1 quadrillion”

Source: Abe’s five year plan to tackle Japan’s huge debt and deficit, by Tatsuo Ito, The Wall Street Journal, Thhe Australian, Friday June 19th, 2015, page 24.



● “Mr.Abe’s deficit reduction plan…is expected to set a midterm checkpoint, with a goal of reducing the deficit to 1 per cent of GDP before April 2019 from the current 3.3 per cent”


Source: Abe’s five year plan to tackle Japan’s huge debt and deficit, by Tatsuo Ito, The Wall Street Journal, The Australian, Friday June 19th, 2015, page 24.

● “There is no money to be made lending in Japan because money is free” Peter Davis, CEO of ANZ Banking Group in Japan.

Source: Pockets full of dollars: M&A rise for Japan, by James Eyers, Tuesday 16th June, 2015, page 17.



● “Japanese embassies and consulates issued 2.8 million visas last year, a jump of 54.1 per cent from 2013 - and the most ever”

Source: The Small Print, by Steve Trautlein, Issue 1108, June 18th 2015, MetropolisJapan.com


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