Greater Yen for Japan's Department Stores
The urge to splurge is finally back in Japan. While on a shopping excursion at the Daimaru department store near Tokyo Station in mid-May, Tokiko Matsui, 42, a housewife from West Tokyo, was in full consumption mode. And with good reason: Her husband's salary and benefits have risen by 20% in the last year, which means she feels more comfortable about shopping at high-end outfits such as Daimaru.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- Musk Dusts Off the Fundraising Playbook With Semi, Roadster Orders