Crashing Consumer Confidence

Japanese consumer confidence fell in the immediate aftermath of the devastating earthquake and tsunami last month. Households across the nation became considerably less willing to purchase consumer durables and people were more worried about their jobs, incomes and overall livelihood. Many Japanese, out of respect for the victims, have also shied away from making luxury or big-ticket purchases.

The Herald and Tribune features and very interesting article on this topic.

Lesson Activity: This article could be a good starting point following the Easter break as a review activity in preparation for the upcoming AS examination in May.