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Japanese Women: World's Strongest Spenders?

 Asia is much like its women, attractive yet mysterious, modern yet with shades of traditions and values To kickstart our peek into the Asian mind and heart, we first look at Japanese women.

 

Japanese Women
 

 

 

Japanese Women: World's Strongest Spenders?

- by Yoko Kawaguchi, AsiaBIZ Strategy (japan@asiabizstrategy.com)

 

Foreigners' Misperceptions About Japanese Women

 

Many foreigners who believe the existence of sexist practices in Japan are still found around me. Fortunately I have many opportunities to go abroad on business and to meet foreign business persons here in Japan. Their questions which makes me unhappy include:

  • “Is it possible for Japanese women to become CEO or COO of corporate body in Japan?”,

  • “Do Japanese companies send a woman staff outside of Japan on business?”

  • “Can Japanese wife vote by her own decision? Or does her husband have much effect on her”

  • “Does a Japanese wife have to walk 3 steps back from her husband?” and so on.

Foreigners may expect Japanese women to be discreet and tame though. I have 24 years of experience of working at a Japanese major company. As far as I know,  women actually are not treated fairly in our business society yet. However, I think that it is the same in other advanced countries.

 

Japanese Women's Occupations

 

The occupations of woman are expanding dramatically recently. 7% of corporate bodies in Japan have female chief executives. You can see many woman truck drivers, construction experts, pilots, firefighters, police staffs here, not just in highly educated expert fields like medical doctors, professors and lawyers. As a Crossover, our traditional pink collars, nurse and certified children’s nurse have been recognized as men’s job. By women’s participation in society (about 50% of women have jobs from age 15 to 65), Japanese women do not need to rely on their fathers or husbands economically and our women can spend their incomes without restraint. In fact, property, luxury jewelry and international fashion brands are bought by Japanese working women as a reward to themselves.

 

The Women Calls the Shots

 

In the case of professional housewives in Japan, my informal estimate is that 70-80% of our housewives handle all family finances. Compared to 20 or 30 years ago, our husbands had decision making rights for big-ticket spending like homes or cars. Now the housewives’ opinions are far stronger. Additionally, good family asset management depends on our housewives’ tact.

 

When the Going Gets Tough, The Men Gets Hit

There is an interesting phenomenon in Japan. During economic slumps of decreased consumer spending, our retail store counters for men’s wear shrink. Our housewives cuts the budget for the husbands as the very first item during recessions! Our women never stop spending on themselves at any one time! The adult educational market is also for women. They study for better qualifications or learn something cultural (cooking, arts, music, dancing etc.) for recreation or for self-improvement. Most private travellers are women. They are heavy buyers of package tours. As you may now understand, women lead the Japanese consumer market. Producers have to develop new products or services which engage and capture women’s hearts here with the sales promotion activities that are impressive for women. Our women can enjoy the longest life expectancy in the world. Don’t you think that Japanese women are the strongest spender in the world?

 


     AsiaBIZ Strategy Pte Ltd.