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
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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 April 27, 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 April 27, 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: April 27, 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 April 27, 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/