Japanese consumers expected business operators to pass on declines in production costs to retail prices. According to a survey conducted in March 2023, over 82 percent of respondents hoped that businesses would reduce their prices if utility and raw material costs declined. Regarding products and services, respondents were more likely to accept an increase in prices over a decline in product and service quality or content.
Consumer expectations towards business operators regarding price increases in Japan as of March 2023
Original question: "We have listed price increases-related requests towards business operators like manufacturers and stores, and opinions on governments and local governments' measures to support households and other countermeasures. Please tell us to what extent you agree with each statement."
Figures may not add up to 100 percent due to rounding by the source.
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NLI Research Institute. (April 27, 2023). Consumer expectations towards business operators regarding price increases in Japan as of March 2023 [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/
NLI Research Institute. "Consumer expectations towards business operators regarding price increases in Japan as of March 2023." Chart. April 27, 2023. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/
NLI Research Institute. (2023). Consumer expectations towards business operators regarding price increases in Japan as of March 2023. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/
NLI Research Institute. "Consumer Expectations towards Business Operators regarding Price Increases in Japan as of March 2023." Statista, Statista Inc., 27 Apr 2023, https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/
NLI Research Institute, Consumer expectations towards business operators regarding price increases in Japan as of March 2023 Statista, https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/ (last visited November 09, 2024)
Consumer expectations towards business operators regarding price increases in Japan as of March 2023 [Graph], NLI Research Institute, April 27, 2023. [Online]. Available: https://www.statista.com/statistics/1384546/japan-inflation-related-consumer-expectations-towards-businesses/
