JAPANESE CONFECTIONERY INDUSTRY ROBUST IN RECESSION
March 1st, 2009
BY JULIAN RYALL
THEY may be putting off the new car purchase and the long-haul holiday this year, but Japanese consumers are finding that they cannot do without all their little luxuries.
For the 25th consecutive month, confectionery sales increased in Japan in January. In contrast, the Japanese economy contracted at its fastest rate in 35 years in the October-December quarter, wholesale prices fell 1.1% in January, the steepest fall in close to six years, and sales at Japan's department stores were down 9.1% on the same period last year. That figure was the ...
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