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Because I'm Worth It!(spending patterns of Japanese women)

Newsweek International

| September 22, 2003 | Itoi, Kay | COPYRIGHT 2003 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mikiko Handa's eyes were fixated on a diamond horseshoe necklace. The stunning piece, on display in her favorite Tokyo jewelry store, cost 88,000 yen--about three times more than she had planned to spend. But the 32-year-old office manager couldn't resist. "I'd be rewarding myself for slaving all summer when everybody else took a vacation," she told a sales clerk. "I deserve it." The sales clerk couldn't have agreed more.

Neither could a lot of other Japanese women. Lately, the idea of rewarding oneself with extravagances has been shaping the spending habits of women all over the country. A recent survey by Tokyo's Saison Research Institute revealed that 46 percent of young Japanese women consider buying Louis Vuitton bags and Ferragamo shoes gohobi--a reward, or prize. It could be for completing a project, finishing a paper or just getting through the day. Once a month Emi Satake, 26, a travel agent in Nagoya, spends 30,000 yen for a night at a Marriott hotel, where she enjoys supper in the exclusive lounge, a massage before bed and a morning swim. "I can detach from busy workdays and refresh myself," she says.

The "reward myself" movement may be one of the few bright spots in Japan's depressed economy. Travel agencies promote business-class travel to exotic resorts as gohobi. This summer Miki ...

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Source: HighBeam Research, Because I'm Worth It!(spending patterns of Japanese women)

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