In the postwar decades, the standard of living in Japan has undergone a dramatic rise. Japanese consumers have benefited from the nation's economic growth, while in turn they have stimulated the economy through demand for sophisticated products, loyalty to domestically produced goods, and saving and pooling investment funds. But personal disposable income has not risen as fast as the economy as a whole in many years—at 1 percentage point less than average GNP growth in the late 1980s.
Read more about Standard Of Living In Japan: Overview, Housing, Food, Savings, Consumer Products, Ownership of Consumer Durables in Japan, By Percentage of Households, Comparison, Growing Inequality, See Also
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