Japanese consumers splurged 2% more while South Koreans barely managed 0.5% - here's why
Key Points
- Japan achieves 39 months of retail growth with a 2% year-ove...
While everyone's been obsessing over AI stocks and crypto crashes, Japan just pulled off its 39th consecutive month of retail growth. That's right - nearly three and a half years of Japanese consumers consistently opening their wallets, making this streak longer than most people's gym memberships.
Japan's retail sales jumped 2% year-over-year in June, beating expectations like a day trader who actually read the earnings report. The secret sauce? Actual wage increases that put real money in people's pockets. Novel concept, we know.
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The spending breakdown re...
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