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    "text": "The period from April to June was marked by a severe shortage of naphtha due to the situation in Iran.",
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    "text": "However, a certain type of consumption was supporting the economy.",
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    "text": "During the Obon holiday, we met someone at a Tokyo department store.",
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    "text": "Thank you very much.",
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    "text": "This woman purchased a pair of ear cuffs from a long-established jewelry brand for about 35,000 yen without hesitation.",
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    "text": "Thank you, especially.",
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    "text": "My summer bonus was quite high, so that played a part.",
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    "text": "If my salary continues to rise like this, I'd like to buy something even bigger.",
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    "text": "That's right.",
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    "text": "This year, the average summer bonus at major companies exceeded 1 million yen for the first time.",
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    "text": "Like a bag, perhaps?",
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    "text": "Yes.",
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    "text": "I bought something a little nice.",
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    "text": "Since the bonus came in, yes.",
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    "text": "The stock market is doing well too.",
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    "text": "With a rise in the Nikkei stock average, many households saw their assets increase, leading to strong sales of luxury goods at department stores.",
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    "text": "On the other hand, stock prices and such are going up, but in reality, my income hasn't really increased much, and prices are rising, so I'm leaning more towards saving.",
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    "text": "Unlike the past, it feels like the brands are lined up primarily for overseas visitors.",
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    "text": "Yes, just looking.",
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    "text": "Everything looks so expensive.",
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    "text": "Amazing.",
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    "text": "People who feel the economy is good versus those who feel it is bad.",
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    "text": "Experts point out that the Japanese economy is currently bifurcated.",
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    "text": "This K-shaped recovery, though not as extreme as in the U.",
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    "text": "S., is also happening in Japan in recent years.",
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    "text": "We will take a closer look at what a K-shaped economy is in the studio.",
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    "text": "From here on, we will have reporter Genchi from the TBS Economic Department, who covers the Cabinet Office, provide the explanation.",
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    "text": "Thank you for joining us.",
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    "text": "Thank you.",
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    "text": "The GDP announced today shows three consecutive quarters of positive growth, meaning that for the last nine months, the trend has been upward.",
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    "text": "Looking at the country as a whole, the economy is on an upward trend, but many people feel that only prices are rising, so they don't actually feel it.",
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    "text": "Today, we are going to focus on this discrepancy.",
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    "text": "Japan is currently split into two groups: those who feel their lives have improved and are spending more, and those whose lives have become harder, forcing them to cut back on consumption, creating a shape that looks like the letter K.",
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    "text": "But if there are these two separate layers, what exactly is contributing to the rise in the economy?",
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    "text": "Regarding GDP, while individual consumption has remained flat, to explain why such a gap in perception, what you might call a statistical trap, occurs, in very broad terms, the upper tier of that K is said to be about 20%.",
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    "text": "And since the lower tier is said to be eighty percent, if we look at dinner for ten people, those eight people have a seven hundred fifty yen bowl of beef rice with an egg topping.",
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    "text": "And when those two high-income people have high-end sushi for 5,000 yen, the average comes out to 1,600 yen.",
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    "text": "With prices rising year after year, what is happening now?",
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    "text": "Then, the average comes out to 2,000 yen.",
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    "text": "The biggest reason is that this eighty percent segment, which doesn't feel the improvement, has their financial struggles hidden away.",
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    "text": "So, while the average is up, the gap is widening.",
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    "text": "That's right, exactly.",
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    "text": "I think there's also the difference between the average and the median to consider.",
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    "text": "On the other hand, for those who feel their lives are improving, what are they spending money on?",
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    "text": "It seems they are buying higher-priced items like accessories, overseas trips, and new cars.",
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    "text": "One is that it stimulates the economy, and the other is that it widens the gap.",
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    "text": "Yes, the value of cash is essentially the same for everyone, regardless of income.",
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    "text": "In fact, looking at households with an annual income of twelve million yen or more, data shows their assets increase by seventeen point three million yen over two years.",
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    "text": "So, what can be done?",
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    "text": "There was that idea of building assets together with stocks, right?",
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    "text": "But even then, personal consumption doesn't grow.",
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    "text": "Not because people have high incomes or own many stocks, but because they lack a sense of security about the future.",
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    "text": "People spend money when they feel confident that next year will be fine.",
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    "text": "But since they keep thinking next year might be tough, they just naturally shift into savings mode.",
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    "text": "That sense of, is the future going to be okay?",
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    "text": "I think it comes down to that difference in mindset.",
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    "text": "Ultimately, yeah.",
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    "text": "I've summarized how income disparity translates to differences in consumption on this flip chart.",
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    "text": "For example, looking at food, where lower income groups spend 70,000 yen a month, higher income groups spend 114,000 yen.",
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    "text": "Next is accessories.",
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    "text": "This area shows an even clearer gap, with lower income groups spending about 8,000 yen compared to 52,000 yen for the wealthy.",
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    "text": "Let's see, that's a difference of about six times.",
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    "text": "Additionally, looking at education expenses like cram schools, the gap is actually even wider than with accessories.",
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    "text": "One thousand six hundred sixty yen for the low income group versus ninety three thousand yen for the high income group.",
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    "text": "Looking at the multiplier, it's about 56 times, which suggests that parental finances are leading to these educational disparities.",
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    "text": "With such a gap, Ike San, what do you think?",
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    "text": "Do you feel that the education you can provide for your children differs significantly?",
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    "text": "Well, middle school entrance exams are this heated, after all.",
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    "text": "I understand why the wealthy congregate there, but I truly believe education is the best investment for the affluent.",
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    "text": "Since it's an investment with a guaranteed return, I suppose it makes sense.",
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    "text": "How do we address the fact that disparities are becoming so entrenched across generations, and how should we rethink social security?",
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    "text": "We really need to lighten the burden on child rearing and working generations.",
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    "text": "Yeah.",
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    "text": "As things stand, all I can see is a future where this gap continues to widen.",
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    "text": "It's a real problem.",
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    "text": "Yeah.",
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    "text": "What does the government's take on that issue?",
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    "text": "Yes.",
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    "text": "Actually, the government has recently been discussing that starting next April, they will gradually implement a consumption tax cut on food and provide benefits to support middle-income earners.",
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    "text": "They are hoping to make that a reality.",
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    "text": "The Takaychi administration is pushing to raise wages through investment and economic growth to create a cycle.",
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    "text": "So they aren't prioritizing policies specifically aimed at correcting this disparity as much as previous administrations.",
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    "text": "I think the idea is to target specific groups rather than broad handouts or overall tax cuts.",
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    "text": "But the challenge is that designing such a system takes time.",
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