Insights: Japanese Economic Trend
Latest insights for Japanese Economic Trend from JTB Tourism Research & Consulting Co..
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Being absent from Japan almost one month…
Edouard Tripkovic KatayamaAdvisory Consultant
Eyes opening: 8% of world carbon emissions
The new study by the University of Sydney in 2018 shows that the carbon emissions in the tourism industry is reaching 8% of world carbon emissions.
Edouard Tripkovic KatayamaAdvisory Consultant
Will Japanese city be the first?
Hydrogen technology is, with solar energy, mentioned as having the best chances to replace fossil fuel on big scale. How Japan considers renewable energy and hydrogen technology?
Edouard Tripkovic KatayamaAdvisory Consultant
Japanese Economic Trend
Effects of recent economic trends on leisure and travel consumption
Along with the continuing drop in the yen and high stock value since the end of 2012, hopes for the favorable economic situation are rising. Consumer interest for investment, expensive goods, travel and leisure became high.
Who will be a driving force for consumer spending on the recovery track of economy?
At long last, the Japanese economy is taking a favorable turn. In terms of consumer sentiment, however, there is still a prevailing mood of cutting cost of living commodities including foods. What is the future course of consumption on the recovery track of business condition and stock prices? Having experienced a number of economic recessions, consumers have become more likely to save money in order to overcome the harsh economic conditions such as declining income and uncertain employment. They are saving money not because of the helplessness. Consumers cast keen eyes on whether the quality of product or service has a good value for money and select only what they find worth for the price. Today, the elders and the wealthy people are leading personal consumption. Following them are working women, who are expected to grow in number. Supporting women who have a job may lead to growing consumption and economic recovery.
Recent Trend of "Saving", "Benefit" Is The Indulgence in Consumption ～Story 2: Consumption of Those Who Have Not Been Straitened～
In "Story 1", we raised the following issue: despite the saving trend today, not all people have been financially straitened, but those people reducing private consumption may magnify the recession at the moment. The following story will examine those people who have not been straitened, not affected by recent recession.