After decades drowning in deflation, Japan’s property market is re-emerging, with average prices for new condos in Tokyo hitting levels not seen since 1992, the Real Estate Economic Institute said this week. If the trend continues and broadens, it could mark a turnaround in the long-dormant financial fortunes of the world's third-largest economy. Such a turnaround is long overdue: Japan’s real estate prices have been falling for nearly 25 years. From 1990 to 2002, falling real estate prices swallowed an estimated $9.3 trillion of the nation’s wealth, according to the Nomura Research Institute.
Japanese consumer confidence improved in March to the highest level in almost six years, a Cabinet Office survey showed on Wednesday, indicating that aggressive government and central bank policies are having their desired effect. The survey's sentiment index for general households, which includes views on incomes and jobs, was 44.8 in March, which was the highest since May 2007. That was also up from a revised 44.2 in February.
FOODeX JAPAN is the largest annual food and beverage trade show in Asia and has been a highly successful trade event since its debut in 1976 serving not only Japan’s $700 billion food market but many lucrative Asian markets. Over 75,000 professional visitors attend FOODEX 2013, including over 6,500 from Korea, Taiwan, China, Thailand, and Hong Kong. Location: Tokyo, Makuhari Messe Chiba Exhibit Profile: Food, beverage products Visitor Profile: Supermarkets, hypermarkets, wholesalers, grocery stores, food service hospitality, fast food chains, convenience stores, distributors, importers, agents and brokers No. of Exhibitors: 2,500 producers from 73 countries
top 3 retail groups Japan
Seven & i Holdings released a market report on 2012. It attests a decline in the number of retail stores in Japan. Japan's shoppers overall show less interest in large shopping sprees and more interest in convenience. The reason thereof partly lies in the ever aging population of Japan as well as the increasing number or working women who have less time to go shopping for the family or for their pleasure. The market position of Seven & i Holdings among retailers worlwide has dropped.
Convenience store sales in August rose 1.0 percent from a year earlier on a same-store basis for the second consecutive month of growth, the Japan Franchise Association said Wednesday. The rise was thanks to strong sales of summer seasonal items, such as ice cream, amid scorching temperatures nationwide.
In this shopping-mad country, an all-time favourite are the 100-Yen Stores. For a little more than a dollar, savvy consumers can stock up on everything from origami paper to banana cases to milk carton-shaped erasers. Equivalents are known around the world, however, the Japanese make their Hyaki-En Shops a little more special by offering kawaii and rather high-qualitative stuff for every part of daily life.
Japan's consumer sentiment improved in May for the fifth straight month as an economic recovery helped ease concern over employment prospects, government data showed Thursday.
Japan's unemployment rate fell for the second straight month in January and household spending posted solid growth despite a decline in wages -- further signs of recovery in the world's second largest economy.
The Japanese economy is expected to show annualized real growth of 2.2 percent in the July-September period for the second consecutive quarterly expansion due partly to robust exports, according to eight private think tanks polled by Kyodo News. Also jobless figures hit a four-month showing further rise out of the economic crisis.
Average Japanese monthly household spending rose a price-adjusted 2.6 percent in August from a year earlier to 290,972 yen, up for the first time in two months due partly to the effects of government stimulus measures, the government said Friday.
The average monthly income of salaried households came to 466,393 yen, down 2.0 percent in real terms, the Ministry of Internal Affairs and Communications said in a preliminary report. The spending figure compares with the average market forecast of a 0.2 percent fall in a Kyodo News survey.