boj speech, 2024-10-16
Indeed, in response to price rises, households' thriftiness has intensified in the consumption of food and daily necessities in particular, which resulted in consumption of nondurable goods being on a decreasing trend; for example, some anecdotal information from supermarkets and other stores indicates that household demand has been shifting to lower-priced private-label products.
Sentiment: neutral
Topic: mp_economic_activity