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's Maritime Self-Defense Force transport ship Osumi carrying a Patriot Advanced Capability-3, or PAC-3, surface-to-air missile battery arrived at the remote southwestern Japan island of Ishigaki Saturday in preparations for a possible missile launch by North Korea. (Jiji Press)
The annual number of accidents during gymnastic formation performances has exceeded 8,000 for four years in a row since fiscal 2011 in primary, middle and high schools, according to the Japan Sport Council (JSC). (the-japan-news.com)
As if accommodating Chinese visitors on their usual shopping sprees weren't enough, major Japanese retailers are now actively working to lure this demographic to their storefronts for the Lunar New Year. (Nikkei)
Sharp Corp. and Hon Hai Precison Industry Co. on Friday signed a contract granting the Taiwan electronics giant preferential rights to negotiate over a bailout plan for the struggling Japanese company. (the-japan-news.com)
The day before his arrest at his apartment for possession of stimulant drugs, former professional baseball player Kazuhiro Kiyohara visited a dealer in Gunma Prefecture, investigative sources revealed on Friday, reports Sports Hochi. (Tokyo Reporter)
The number of people charged with stimulant abuse in Japan tops 10,000 every year, and the number of such people aged 40 years or older has been increasing in particular, police said. (the-japan-news.com)
Police referred a 16-year-old high school student to prosecutors on Friday on suspicion of using software on other people's computers to obtain the online account details of several hundred people, including records of their online shopping. (Japan Times)