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Frugal Mindset Prevails in Japan
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Eiji Kawai, president of Seria, a prominent 100-yen store chain in Japan, asserts that the frugal mentality among consumers endures, leading them to prioritize cost-efficient purchases even amidst anti-deflation measures. The shift in consumer behavior emphasizes a preference for quality over quantity, with special occasions taking precedence over everyday spending.
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How might the prevalence of a frugal mindset impact the profitability of high-end retailers in Japan?
In what ways could the prioritization of special occasions over daily purchases influence the marketing strategies of consumer goods companies?
What implications does the persistence of a penny-pinching mentality have on the overall economic growth and stability of Japan?
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