Gadgetry boom bottoms out

Article Abstract:

Spending on electronic appliances has reached its upper limit in Japan. Although companies have continued fine tuning their products, these refinements are insufficient to persuade the Japanese to keep buying. As some of the world's richest consumers, they are now looking for other areas of consumption. Although most Japanese own many household appliances, their homes are mostly poor quality buildings and one economist, Paul Summerville, predicts that housing will be the next large consumer market.

Consumer electronics, Housing

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Japanese seek to improve quality of life

Article Abstract:

The Japanese are calling for an improved quality of life. Chairman of Sony Akio Morita recommends a change in economic management policies to reduce foreign hostility.He suggested higher pay, shorter working hours and environmental considerations. The Keidanren Federation of Economic Organisations recommend kyosei, a philosophy of international co-operation, harmonising the economic system with other countries. Chairman of Toyota Shoichiro Toyoda places the interests of customers above all else.

Economic policy, Behavior, Speeches, lectures and essays, Japanese, Japanese (Asian people), Morita, Akio, Japan Federation of Economic Organizations, Toyoda, Shoichiro

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Zen guide to discount shopping

Article Abstract:

Koji Nakano wrote 'Philosophy of Honest Poverty,' which was published in Japan in Sep 1992. It is about the Zen Buddhist monk Ryokan who lived from 1758-1831. It has sold 120,000 copies. Ryokan has inspired the Japanese to live simply, with dignity, rather than with materialistic concern for money and possessions. The national economy is declining. About one million workers have little to do at work.

Beliefs, opinions and attitudes, Consumption (Economics), Consumers, Ryokan

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