More money being spent on Japan’s service industries
April 19, 2007
By Ken Worsley
Japan’s tertiary index measures spending in the services sector. In January, the index stood at 109.6, which was considered high. Earlier on Thursday, the Ministry of Economy Trade and Industry released tertiary index figures for February, and the score moved up to 110.7, showing an increase for the second consecutive month.
Spending on retail, finance, insurance and health care all showed increases in February, with finance and insurance showing a 4.1% increase against January’s figures.
What’s significant about 110.7? It’s the highest level since January 1988. A high figure in this index is nothing to sneer at, as Forbes tells us:
The services sector employs more than half of Japan’s workforce, and spending on services such as retailing, dining and travel is closely tied to changes in income and consumer confidence.
On a side note, has anyone seen the movie Go to the Bubble yet?
Filed Under Business, Economic Reports, Japan
Social Bookmarks:
Related Posts:
Tokyo taxi fares to be hiked? Not if Ota has her way
Cabinet Office: March Economy Watcher’s Index
Japan’s labor productivity at 71% of US levels
Japan Corporate Bankruptcies Rise for Seventh Straight Month
Recruit to set up new firm to help retailers find part-timers
Comments
One Response to “More money being spent on Japan’s service industries”
Got something to say?
Last Month's Top 5 Stories
1. Fukuda steps down2. Number of foreign workers at Japanese firms leaps
3. Subprime buyins: Nomura at Lehman’s, Mitsubishi at Morgan Stanley
4. Bank of Japan: savings deposits exceed loan balances by a record 145 trillion yen
5. Sapporo Breweries to be Japan’s first firm to label products with their carbon footprint
Upcoming Economic Reports
October 1BOJ Tankan Survey
September Auto Sales
October 7
September Foreign Reserves
October 8
September Economy Watchers Survey
September Bankruptcies
October 9
August Machinery Orders
October 10
September Bank Loans
Jobs in Japan
From the Blogosphere
Japanese Wages Fall Again In June at Japan Economy Watch
Members of a Nation State at Neojaponisme
More Comments on Wai-Wai at Let's Japan
Will the real Ozawa please stand up? at Observing Japan
Posts on Recent Economic Reports
September 25Japan’s convenience stores loving the Taspo card; sales up 7.5% in August
September 24
Japan supermarket sales down 1.0% in August
September 22
Japan’s consumer confidence hits all-time low for third straight month in August
September 21
Central Tokyo office vacancies up for seventh straight month in August
September 19
Japan department store sales down 3.1% in August
View more economic reports »
Our Links
- Asia Business Intelligence
- Bank of Japan Statictics
- Cabinet Office English Homepage
- Center for Strategic and International Studies: Audio, Video & Transcripts
- China Business Daily
- Claus Vistesen’s Blog
- Columbia University Center on Japanese Economy and Business
- Council on Economic and Fiscal Policy
- Economic and Social Research Institute
- From the inside, looking in
- Global Talk 21
- Japan Business Federation - Nippon Keidanren
- Japan Considered
- Japan Economy Watch
- Japan Forum on International Relations
- Japan Inc
- Japan Labour Force Survey
- Japan Law Blog
- Japan Marketing News
- Japan News Review
- Japan Productivity Center
- JETRO - Japan External Trade Organization
- Ministry of Economy, Trade and Industry - Online Statistics
- Ministry of Finance
- Ministry of Finance - Policy Research Institute
- Ministry of Foreign Affairs - Economic Affairs Page
- Nikkei Real Estate Market Report
- NYU - Center for Japan-US Business and Economic Studies
- Observing Japan
- OECD - Japan Page
- Prime Minister and his Cabinet
- Seeking Alpha
- Small and Medium Enterprise Agency
- Steven Towns’ Blog
- Tokyo Stock Exchange
- Trans-Pacific Radio
- What Japan Thinks
- World Federation of Exchanges
Archives
Build the Network!
[…] the last week, after the Ministry of Economy, Trade and Industry told us that spending on Japan’s service industries has picked up, the Cabinet Office released a report revealing that labor productivity at Japan’s service […]