Japan has had a tough few decades, economically speaking, but China may soon follow in its footsteps.
“We are now at a tipping point [in China],” Suntory Holdings CEO Takeshi Niinami told Yahoo Finance Executive Editor Brian Sozzi on Yahoo Finance's Opening Bid podcast (video above; listen below). Suntory is the maker of globally renowned Japanese whiskey brands such as Yamazaki and Hibiki and has owned Jim Beam since 2014 as part of a $16 billion acquisition.
“The deflation in China is very similar to the one we experienced,” Niinami said from inside Suntory's New York City headquarters. “The key issue is people have money but people don’t want to spend money, and overproduction.”
It's a struggle “an invisible monster”
Consumers are avoiding spending money and buying items on credit over an extended period of time.
“We are now at a tipping point [in China],” Suntory Holdings CEO Takeshi Niinami told Yahoo Finance Executive Editor Brian Sozzi on Yahoo Finance's Opening Bid podcast (video above; listen below). Suntory is the maker of globally renowned Japanese whiskey brands such as Yamazaki and Hibiki and has owned Jim Beam since 2014 as part of a $16 billion acquisition.
“The deflation in China is very similar to the one we experienced,” Niinami said from inside Suntory's New York City headquarters. “The key issue is people have money but people don’t want to spend money, and overproduction.”
It's a struggle “an invisible monster”
Consumers are avoiding spending money and buying items on credit over an extended period of time.
1 yr. ago
