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Search resuls for: "Oji Holdings"


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New York CNN —New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Inflation is easing, and so is economic growth – that combination means interest rate cuts could be on their way. Before the Bell spoke with Michael Reynolds, vice president of investment strategy at Glenmede, about investors, the economy and political landscape. We recognize that to have a thesis on the economy is to have a thesis on the consumer. The global market value for adult diapers was pegged at $12.8 billion in 2023, according to market research provider Euromonitor International.
Persons: Joe Biden, Bell, Michael Reynolds, we’ve, there’s, That’s, We’ve, Fumio Kishida, Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal, DC, Traders, Fed, Federal Reserve, United Nations, UN, Euromonitor, Oji Holdings, Flags Locations: New York, Japan, China, Indonesia, Malaysia, United States
Last year, almost 30% of the Japanese population was 65 or older. In June 2023, Japanese Prime Minister Fumio Kishida unveiled a multi-billion dollar package of measures to encourage families to have more children. The growth of the older population is also changing the consumer product market. Demand for adult diapers in Japan has been rising, while the need for baby diapers has fallen. Electronics giant Panasonic has been researching and developing products aimed at the older population since 1990, according to its website.
Persons: Fumio Kishida Organizations: Hong Kong CNN, United Nations, UN, Euromonitor, Oji Holdings, Electronics, Panasonic, Ministry of, Hong, Seniors Locations: Hong Kong, Japan, China, Indonesia, Malaysia, Asia, South Korea, Taiwan, Africa, Europe, Northern America, America, Caribbean, Northern Africa, Western Asia, Saharan Africa
The shift in business strategy is due to Japan's declining birth rate and aging population. AdvertisementA Japanese diaper maker announced that it will stop producing diapers for babies and will, instead, focus on catering to the country's aging population with adult nappies. Related storiesConcerns over the implications of a declining birth rate have led to Japanese officials sounding the alarm. AdvertisementLow birth rates and an aging population risk dramatically shrinking Japan's population, which is estimated to fall by about 30% to 87 million by 2070, The Guardian reported. Oji Holdings' pivot due to shifting demographics mirrors a similar move made by Unicharm, Japan's biggest diaper maker, over a decade ago.
Persons: , Yoshimasa Hayashi, Fumio Kishida, It's, Unicharm Organizations: Service, Holdings, BBC News, Health, Welfare Ministry, United Nations Population Division, Guardian, Bloomberg Locations: Japan
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