While Japan’s economic expansion is increasingly likely to be the longest in the postwar period, rising prices are creating differences in how households experience the economy.
Japan’s economic expansion has reached 74 months, increasing the likelihood that it will surpass the postwar record for longevity. The July economic index rose by 1.7 points, according to reports citing the Cabinet Office.
At the same time, with rising prices having a direct impact on households, many people on the streets say they have felt little benefit from the expansion. The current situation has been described as markedly different from previous periods of economic prosperity.