By Leika Kihara and Kaori Kaneko TOKYO (Reuters) — A spike in coronavirus infections in Japan is driving local households to do what they have always done in times of crisis: spend less and save more, stoking fears of a deeper retail recession and grinding deflation. Fifty-year-old Hiromi Suzuki is doing just that having quit her job at a Tokyo novelty store in December after the pandemic hit sales. «I try not to spend money,» she said, walking her dog in the city. «Since I don’t go out much, I don’t buy cosmetics or clothes any more.» Suzuki’s case exemplifies the trouble Japan faces as COVID…
[nordot-modal-mode]Japan’s COVID crisis reawakens deflation fears as cash hoarding returns
