While high prices persist, affluent consumers are reportedly showing strong appetite for spending. Sales of high-end goods such as watches are strong at department stores in Nagoya, apparently reflecting the Nikkei Stock Average's continued presence in the ¥60,000 range and rising asset values.
While soaring prices are squeezing household budgets, affluent consumers are reportedly showing strong appetite for spending.
As the Nikkei Stock Average remains at high levels in the ¥60,000 range, there is speculation that rising values of assets such as equities are a contributing factor.
Sales of high-end products such as watches are reportedly strong at department stores in Nagoya.