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Uniqlo a bellwether of Japan's economy

Company has stepped up discounts and slashed its full-year outlook for the second time this year
Saturday, April 9, 2016 - 05:50

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LEAN TIMES: The firm now illustrates a bleaker picture of a corporate sector squeezed by sticky overhead costs and cooling consumer enthusiasm.

Tokyo

WHEN Japan's cheap-and-cheerful clothing brand Uniqlo raised its prices in 2014, it was an endorsement of Prime Minister Shinzo Abe's efforts to stimulate a lacklustre economy: with confidence high, even purveyors of affordable jumpers became price setters.

But as Mr Abe's

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