Nomura Reports 15% Growth In Festive Consumption, Down From 32%

Japanese brokerage Nomura reported on Wednesday that the growth rate in festive consumption has halved to 15% in the current year. Analysts attributed the slowdown to “rough estimates,” noting that festive consumption had grown by 32% in 2023 and 88% in 2022. The decline signals a significant drop compared to previous years’ rapid growth.