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Japan's recession triggers a fall in apparel imports?

Reducing household consumption amid global woes

The Japanese economy is being affected by a range of factors, including weak domestic demand, slowing global growth, and the earthquake that hit the country, thus impacting all sectors of the economy. One of the most significant factors contributing to this is the decline in consumption. Domestic consumption, which constitutes more than half of Japan’s GDP, started declining after the January-March quarter of ****. The contraction in consumption has not been satisfactory, and the reason for this decline is the increase in inflation without a corresponding rise in wages. Real wages in the nation have also fallen by *.* per cent, indicating a slowdown in the manufacturing sector of the country.