Japan s wage growth has slowed to levels last seen in the aftermath of the 2008 financial crisis as companies have taken a hit from the coronavirus pandemic.
Some economists estimate that the pandemic has forced Japanese households to save about ¥13 trillion ($118 billion), or roughly 4% of Japan's annual consumption.
Home appliance shipments hit 24-yr high amid pandemic in Japan Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Domestic shipments of home appliances in fiscal 2020 hit their highest level in 24 years. | KYODO
Kyodo Apr 20, 2021
Domestic shipments of home appliances in Japan hit their highest level in 24 years in fiscal 2020, boosted partly by robust demand for air cleaners as people stayed at home due to the coronavirus pandemic, an industry body said Tuesday.
Shipments in the year that ended in March rose for the first time in two years to ¥2.61 trillion ($24 billion), up 6.5% from the previous business year, according to the Japan Electrical Manufacturers’ Association.