New Market Study Published: Japan Food & Drink Report Q1 2013
As the employment outlook remains sombre, private consumption growth in Japan is expected to continue to wane. Weak domestic demand can be expected to weigh on the country's growth into 2013 given that private consumption accounts for around 60% of Japan's GDP. Longer term, the contracting growth opportunities in Japan's food, drink and retail sectors mean that overseas expansion will continue to be a strategic priority for local players such as Aeon and Ajinmoto.
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