30 Dec '11, 3pm

Japan consumer spending seen picking up

Japan consumer spending seen picking up

TOKYO: As we approach the end of the year and the most important holiday season in the Japanese calendar, it appears consumer spending is starting to see a rebound. The streets of Tokyo are bustling with shoppers - a sight no different from those at the end of previous years. But this has been a difficult year for Japan. Immediately after the triple disasters of the massive earthquake, tsunami and nuclear crisis in March, consumers in Japan were in no mood to spend - even at the popular shopping district of Akihabara in Tokyo. Yukari Yahiro, a salesgirl at Kotobukiya, said: "After the disasters, there were no customers coming to Akihabara. It was a severe situation. But since Christmas and as we approach New Year's eve and New Year, many customers have returned." Consumption in Japan plunged following the March disasters. In midsummer, it was not looking good, but consumer...

Full article: http://www.channelnewsasia.com/stories/eastasia/view/1174...

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