Big blow as big spenders turn big savers
China Daily | Updated: 2008-10-21 07:45
A salesperson promotes a product in front of a commercial poster at an electronics shop in Tokyo yesterday. Japanese consumer sentiment stayed near a record low in September, reinforcing concern that spending at home is unlikely to prop up the economy.The Nikkei average, however, climbed 3.6 percent yesterday as a softer yen and upbeat earnings reports improved sentiment. Reuters |
The US may be on its way to becoming a nation of savers, whether Americans like it or not.
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