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Why Has Japanese Private Consumption Remained Firm?

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  • Research and Statistics Department

    (Bank of Japan)

Abstract

Private consumption has been slowly recovering since around the year 2000. This recovery gradually became clearer from the second half of 2003, and its pace is now steadily increasing. The present expansion phase that began from early 2002 reached four years and three months in April 2006, rivaling the longevity of the bubble period. In examining the reasons why the ongoing recovery has lasted so long, one cannot overlook the continued firmness of private consumption together with the expansion in overseas economies and reduced structural adjustment pressures in the corporate sector.

Suggested Citation

  • Research and Statistics Department, 2006. "Why Has Japanese Private Consumption Remained Firm?," Bank of Japan Research Papers 2006-05-11, Bank of Japan.
    • Handle: RePEc:boj:bojron:06-e-0511
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    File URL: http://www.boj.or.jp/en/research/brp/ron_2006/data/ron0605a.pdf
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    Cited by:

    1. Hiroyasu Inoue & Kentaro Nakajima & Tetsuji Okazaki & Yukiko U. Saito, 2022. "The Role of Face-to-face Contact on Innovation: Evidence from the Spanish Flu Pandemic in Japan," CIGS Working Paper Series 22-007E, The Canon Institute for Global Studies.
    2. Ghouri, Arsalan Mujahid & Mani, Venkatesh & Haq, Mirza Amin ul & Kamble, Sachin S., 2022. "The micro foundations of social media use: Artificial intelligence integrated routine model," Journal of Business Research, Elsevier, vol. 144(C), pages 80-92.
    3. Hiroyasu Inoue & Kentaro Nakajima & Tetsuji Okazaki & Yukiko U. Saito, 2022. "Controlling Funds Allocation for the War: The Experience of Japan in the Late 1930s," CIRJE F-Series CIRJE-F-1192, CIRJE, Faculty of Economics, University of Tokyo.

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