Exact(9)
Transactions would be automatically stopped if people tried to buy anything on them but essentials.
Shopping for anything but essentials gradually dried up; the only movie theater in business today is an old drive-in.
But essentials, like diapers, baby food, bread, potatoes and fresh vegetables, were in short supply and costlier than normal.
As long as prices keep falling, experts say, many Japanese will hoard their cash and postpone purchases on all but essentials, making the current recession even worse.
But with the sterling exchange rate now so poor, it is unlikely to make financial sense to buy anything but essentials abroad this summer.
Many consumers struggling with shrinking disposable income will have held back on spending in September and October to buy not just Christmas presents but essentials.
Similar(51)
But essential?
Sickening, but essential.
Tough but essential.
Uncomfortable but essential reading.
Self-critique is difficult but essential.
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