Not all Japanese companies are doing badly in this recession. It turns out that convenience stores have stolen the fire from industrial manufacturers' sails and are now leading the pack, in a horribly mixed metaphor of an economic merry-go-round.
Sales are up in convenience stores by 5%, but average customer spending is down 0.7%. So are they making 4.3% more money, or is it a function of 0.05 multiplied by 0.007, or what? Well anyway the average money spent by each customer is now 585 yen, or about two 20-packs of cigarettes. Interestingly profits started rising at exactly the same time as Taspo cards were been introduced, meaning that minors couldn't buy cigarettes from vending machines any more.
So, this week's financial-advice-from-someone-who-knows-nothing-about-finance is: Sell stocks in vending machines! Buy stocks in 7-11! You'll thank me when you're rich.
Monday 20 April 2009
How To Make Money Fast
Posted by
Maxamillian
at
22:49
Labels: The Economy
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3 comments:
I study Finance and completely agree with the reasoning shown in the above post. In fact I am going to do it right now... Done!! I'm sure that I'll be worth at least 50 million just by the end of this week.
It's not just minors that can't buy cigarettes from vending machines; it's anyone that can't be bothered to go through the rigmarole of applying for that id card. (ie; me.)
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