Pinched pensions limit chances of demand-led recovery in Japan
Spending by households where no one was employed, which includes pensioners, falls 1.5% last fiscal year
Thu, Jun 18, 2015 - 5:50 AM
It's been bad for several years, especially fiscal 2014, when pensions fell in real terms by 3.8%, after a 2.5% fall in 2013.
WHILE Japan's stimulus policies are beginning to have some effect, with more people beginning to spend, pensioners, a big and growing category of consumers, are clinging on to their cash, limiting the chances of a demand-led recovery.