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THE WINE MARKET IN JAPAN: MARKET COMPETITION AMONG EXPORTING COUNTRIES AND THE STRATEGY OF US WINE AgEcon
Arahata, Katsumi.
The purpose of this paper is to examine the structure of wine consumption in the Japanese market, focusing on the consumption in households. Considering various tendencies of Japanese eating and drinking habits nowadays related to wine consumption, the model was built and empirically estimated. The data to be investigated was household's data from the past twenty-seven years of official statistics. It was found that Japanese households show high income elasticity for wine demand. The strategy to prioritize department store distribution was demonstrated to be effective due to the fact that wine consumption in the high income class is steadily high, while the sensitivity to income and compatibility of foods is higher in middle income classes. However, the...
Tipo: Conference Paper or Presentation Palavras-chave: Wine consumption; Compatibility of foods with wine; Price elasticity; Income elasticity; Influence of recession; International Relations/Trade; Q110; Q130.
Ano: 2004 URL: http://purl.umn.edu/20296
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