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Falling wealth Essay Topics & Paper Examples

Falling wealth

The economic recession that is being experienced worldwide has changed the way people live in every part of the globe. Japan is one of the countries that have been hit hard by the recession. In the past, a lot of Japanese can afford to feed their luxuries by buying branded items such as Louis Vuitton, Prada, Gucci and others. However, a lot of consumers have become wise spenders as revealed by the pattern of consumption in Japan. The sales report of high end boutiques has shown a decline in the purchase of goods by the people. This has prompted a lot of stores in Japan to sell their items on sale in hopes of pumping up their sales. The more…