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.
A special law that allows municipal governments in Japan to order the demolition of hazardous vacant houses went into force Tuesday, at a time when the number of empty houses is increasing as a result of the country's declining population. (Jiji Press)
On May 21, police in Japan's Miyagi Prefecture arrested a woman on swindling charges after the cashier at a local store erroneously handed her an extra 45,000 yen (US$370) in change. (rocketnews24.com)
In a crackdown on a business believed to be supporting organized crime, Tokyo Metropolitan Police on Tuesday announced the bust of an illegal pornographic DVD business in Shinjuku Ward, reports TV Asahi (May 26). (Tokyo Reporter)
The Fukushima District Court on Monday sentenced a 33-year-old man to 18 months in prison, suspended for three years, for distributing naked photos of a female friend-a practice known as revenge porn. (Japan Today)
Tochigi Prefectural Police on Sunday confirmed that a body discovered on a property in Mooka City is that of a 21-year-old woman who went missing last month, reports the Sankei Shimbun. (Tokyo Reporter)
About half of the nation's 47 prefectural and 20 ordinance-designated city governments have prohibited or are considering a ban on drone flights in locations that attract large numbers of people, The Yomiuri Shimbun has learned. (The Japan News)
When you hear the expression "JK business," do you have any idea what kind of work this refers to? JK stands for joshi kōsei (high school girls). In Japan, JK is a very powerful brand - and high school girls are a highly valued commodity. (Japan Times)