Japan Retail Sales | Article by Your Online Payday Loan Store

Retail sales in a global slump

Germany rounds out the world's three biggest economies, falling in line behind the United States and Japan.

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If you’re one of those “misery loves company” types, then read on. Turns out the United States wasn’t the only company that posted low retail sales last year. Retail sales in Japan dropped the largest amount in four years.

Japanese consumers seem to be following the same patterns as Americans. Spending on clothing and electronics, one of Japan’s biggest industries, has slowed. Japan has the second largest economy in the world after the United States.

Compare and contrast

Check out this article from your online payday loan store on the dismal holiday shopping season in the United States. Much like Americans, Japanese consumers are concerned about their jobs and their incomes.

Japan’s retail sales fell 2.7 percent in December, the biggest drop the country has seen in four years. It also marked the fourth straight month of decline in retail sales. In the United States retail sales also fell more than 2 percent in December, but it was the sixth straight month of decline. Looks like we’re ahead of the curve. Too bad that’s not good news in this case.

All too familiar

One of Japan's largest companies is facing its first loss in 14 years

One of Japan’s biggest and most well known companies, Sony Corp., is likely to post its first loss in 14 years, reports say. Many large companies are cutting production — and jobs along with it. Consumer spending accounts for more than half of Japan’s gross domestic product.

Spending at large department stores and supermarkets in Japan fell 6.3 percent. One department store operator, J. Front Retailing Co., has canceled its plans for two new locations.

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