Japan Embracing Bargain Shopping?
The néojaponisme blog has published an interesting article examining the diminishing traditional trend of Japanese consumers paying premium prices for “premium” goods and price fixing in the Japanese consumer industry that establishes arbitrary price averages.
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I just hope they don’t end up buying cheaper products, just because they’re cheap, since you usually get what you pay for when it’s Mainland Chinese-made. From what I read a while back, the reason the Japanese were willing to pay higher prices is they believed that the products were of better quality. Though at least they didn’t go broke blowing it all on Hummers and McMansions like consumers here…