Wednesday, July 25, 2007

Why Japanese consumers are feeling even worse off than US consumers

I just discovered Japan Economy News & Blog, mentioned by Edward in a previous post, which has a recent post concerning "Increased tax burdens, consumer pessimism, excessively low interest rates, and the BOJ’s June Standard of Living Survey." That is certainly a mouthful; the gist of the article is that "With many households nervous over future prospects, a potential rise in the consumption tax,

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