Japanese men hoping to reap the benefits of the economic upturn with an increase in their monthly spending cash will be disappointed to find this won't be happening anytime soon. It seems their wives, who typically control family purse strings in Japan, have yet to buy into Abenomics.
According to an online survey of 3,300 individuals carried out by Orix Bank Corp. in July, the average monthly spending allowance of men fell by 11% compared with last year's survey, falling to Y30,468 ($310).
In some ways, the survey result released Tuesday is not a big surprise since Prime Minister Shinzo Abe's policies to bolster the economy have yet to translate into a rise in wages for the average Japanese worker.
Many economists say it will take longer for the policies - known as Abenomics - to boost the base salaries of company employees and seep into the spending patterns of average Japanese homes. Spending so far has mainly been driven by those profiting from a rise in share prices from late last year, leading to a splurging on luxury items by the wealthy.
While the reasons are unclear, the survey also indicates that most men didn't even attempt to have their pocket money increased. Only 5.1% of respondents said they negotiated to have their allowances raised. And of those who did bargain with their partners, 70% didn't actually succeed in getting a raise.
Japan on Tuesday started fully operating the world's first geostationary weather satellite capable of taking images in color, hoping to forecast typhoon movements and concentrated downpours more accurately. (Kyodo)
Police arrested a 40-year-old man Monday for allegedly setting fire to his own home in Kitsuki, Oita Prefecture, where four bodies, believed to be his children, were found amid the burned wreckage. (Japan Times)
Evacuees from a southwestern Japanese island hit by a volcanic eruption made a brief return to their homes on Tuesday ahead of an approaching typhoon. But their trip was cut short due to volcanic quakes. (NHK)
Tokyo Metropolitan Police on Monday announced the arrest of the boss of an organized crime group for the alleged confinement and assault of a construction worker, reports the Sankei Shimbun (July 6). (Tokyo Reporter)
Meet Ladybaby, the Japanese musical group that will make you look twice. Featuring Ladybeard, the east's most hirsute crossdressing entertainer, this band's debut song blends infectious Japanese pop with bizarre, energetic heavy metal vocals. (forbes.com)
A 26-year-old man was arrested Sunday for allegedly confining in his car an 11-year-old schoolgirl who went missing the day before in Nara Prefecture while shopping with her family, police said. (Kyodo)
A drug control division of the health ministry on Saturday announced the arrest of a former executive of public broadcaster NHK for the importation of so-called "dangerous drugs," reports the Sankei Shimbun (July 4). (Tokyo Reporter)
rown Prince Naruhito and Crown Princess Masako, who are visiting Tonga, attended the coronation of King Tupou VI of Tonga held at a church in its capital, Nukualofa, on Saturday. This is the first time in two years that Crown Princess Masako has engaged in official duties overseas. (The Japan News)
Nearly 40 percent of single people in their 20s and 30s do not want a romantic partner, according to a survey by the Cabinet Office released in June. The survey was included in a government white paper on Japan's notoriously low birthrate that also found 46.2 percent of singles claiming that relationships were "bothersome." (Japan Times)