Word: consumerized
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The global recession has again exposed the structural weaknesses that plague Japan: overdependence on exports to drive economic growth, anemic domestic demand, inefficient enterprises and barriers to competition. It's no secret that the root of all of these problems is demographics. An aging population is shrinking Japan's labor...
A confluence of factors has led Japan to its likely political upheaval - not least of which is the global economic crisis. Figures released Aug. 28 - two days before the election - show Japan's unemployment rate for July at a record 5.7%, up from the six-year high in June of...
So was the money well spent? To get an answer, TIME contributor Joseph Szczesny spoke with Jesse Toprak, vice president of industry trends and insights at Truecar.com, a car-sales-data website. Toprak has more than 15 years' experience in the automotive industry, including nearly nine years with Edmunds, one...
Not necessarily, say consumer experts. "According to various research findings, a company will have a tough time increasing prices once they've lowered them," says C.W. Park, a marketing professor at the University of Southern California and editor of the Journal of Consumer Psychology. "Shoppers start to think the discounts...
Many apologies, but Tolstoy appears to have been wrong. In times of change, a new study shows, we usually first seek out the unfamiliar, the new. "Change," according to the paper, which is set to be published in the Journal of Consumer Research, "begets change."