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.
Japanese superstore operators are concerned about a government bill banning retailers from advertising price discounts to minimise the impact of the April 2014 consumption tax increase on customers and, eventually, their earnings.
The government says it has drawn up the bill to allow companies to smoothly pass on the heavier tax to prices of their products and merchandise.
The number of retail stores in Japan has declined in 2012 as Japan's shoppers showed less interest in large shopping sprees and more interest in convenience stores, a new market report released by Japan's Seven & iHoldings showed.
The report said this is partly due to 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 leisure.
Find the full report here.
Japanese retail sales fell 1.2 percent in October from a year earlier, government data showed on Thursday, adding to mounting evidence that the economy has fallen into a mild recession.
Japanese consumers are closing their wallets as the economy's outlook darkens, making it harder for Prime Minister Yoshihiko Noda to stave off the nation's third recession in four years.
Households are holding the most cash since 2005, shunning risk as they grow gloomier, Bank of Japan data indicate. Sliding private consumption contributed to an annualised 3.5 percent decline in gross domestic product in the past quarter, a Cabinet Office report showed on Monday.
Japan Post Co., the mail-delivery arm of Japan Post Holdings Co., said on Tuesday it will open a seven-floor commercial facility on 21 March in the 38-story JP Tower near JR Tokyo Station.
The 9,400-square-metre facility, dubbed Kitte, which means postage stamp, will accommodate 71 clothing stores, food retailers and other shops as well as 27 restaurants.
Japanese consumer sentiment worsened slightly in September, indicating that the nation's household spending remains stagnant, the government said Thursday. The confidence index of households made up of two or more people stood at 40.1 last month, down from 40.5 in August, the Cabinet Office said in a monthly survey.
Japanese consumer sentiment worsened slightly in September, indicating that the nation's household spending remains stagnant, the government said Thursday.
Japanese retail sales rose 1.8 percent in August from a year earlier, government data showed on Friday, although a murky outlook for the economy is expected to weigh on private spending.
The climb compared with a median market forecast for a 0.2 percent annual decline.
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Japan's government cut its assessment of the economy for the second-straight month and warned that growth is pausing, signaling growing concern over the pain from the global slowdown and keeping the central bank under pressure to provide further monetary stimulus.