ABSTRACT
In 1978/1979, the Nomura Research Institute of Japan drew up a medium-term outlook for 80 selected Japanese industries. Like consumer credit there is much room for the further development of leasing. The proportion of leasing in capital expenditure in Japan in 1977 was only 3 per cent compared with 12–15 per cent in the USA and over 5 per cent in the UK, West Germany and France. The replacement parts market is growing as a result of the increase in the stock of automobiles. As far as the business climate is concerned, of all Japanese industries, it is the air transport industry that will benefit most. The market for formal wear will grow as the tendency to throw parties at home becomes more widespread in Japan. Westernisation of their way of life and the rise in their standard of living have induced the Japanese to increase their intake of animal protein, most notably of meat and processed meat.
