Japan fell into recession due to declining consumer spending caused by pay cuts in the services sector. Weak yen currency increased the cost of living. Higher fuel and stock prices added to the economic pain.
To grasp the dynamics that
bumped Japan into recession and off its perch as the world s
third largest economy on Thursday, look no further than Risa
Shinkawa s dining habits. Unlike.
ANALYSIS-No lunch in Ginza: Japan's scaled-back spending helps push economy to recession devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
TOKYO : To grasp the dynamics that bumped Japan into recession and off its perch as the world's third largest economy on Thursday, look no further than Risa Shinkawa's dining habits.Unlike unionised workers at big manufacturers such as Toyota Motor, the 32-year-old aesthetician isn't expecting a pay rise
ANALYSIS-No lunch in Ginza: Japan's scaled-back spending helps push economy to recession devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.