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 - Economy Study Vol.17
Summary
We are pleased to announce that now an Indian panel has been added to our list of propriety online panels in addition to Japan, Korea, China, Taiwan and Hong Kong. We have included opinions of our Indian panelists in this issue of I-News. I-News Vol.17 reveals the impacts of the global recession in Asia, and how each individual market is affected differently.
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JAPAN
•*Sample size:299N
•*Gender ratio(M:F)=50:50
•*Single:Married:Others
=54:39:7
•*Family Structure:
Live with spouse(39%)
with parents(39%)
with children(30%)
with siblings/
relatives(16%)
with friends(2%)
Live alone(22.7%) |
KOREA
•*Sample size:280N
•*Gender ratio(M:F)=50:50
•*Single:Married:Others
=48:50:2
•*Family Structure:
Live with spouse(47%)
with children(43%)
with parents(40%)
with siblings/
relatives(17%)
with friends(4%)
Live alone(10%)
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CHINA
•*Sample size:317N
•*Gender ratio(M:F)=66:34
•*Single:Married:Others
=17:80:3
•*Family Structure:
Live with spouse(69%)
with children(7%)
with parents(11%)
with siblings/
relatives(1%)
with friends(6%)
Live alone(6%)
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HONG KONG
•*Sample size:408N
•*Gender ratio(M:F)=52:48
•*Single:Married:Others
=63:34:3
•*Family Structure:
Live with spouse(25%)
with parents(50%)
with children(8%)
with siblings/
relatives(4%)
with friends(5%)
Live alone(5%) |
TAIWAN
•*Sample size:316N
•*Gender ratio(M:F)=43:57
•*Single:Married:Others
=58:37:5
•*Family Structure:
Live with spouse(28%)
with parents(39%)
with children(9%)
with siblings
relatives(8%)
with friends(7%)
Live alone(9%)
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INDIA
•*Sample size:287N
•*Gender ratio(M:F)=50:50
•*Single:Married:Others
=39:59:2
•*Family Structure:
Live with spouse(52%)
with parents(52%)
with children(42%)
with siblings
relatives(8%)
with friends(7%)
Live alone(3%)
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•Question 1 : How much is the global recessions impacting you? (single choice)
- Among the 6 countries, it seems that Chinese respondents least feel that the global recession is impacting them; only 9% answered that the recession is impacting them severely and 30% said significantly.
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On the other hand, Taiwan respondents seem that they feel the recession most; 16% said severe and 46% said significantly.
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•Question 2 : Is the recession creating emotional distress in your life? (single choice)
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It seems that Japanese respondents feel emotional distress the most; 30% of them cited the recession is creating emotional distress severely.
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Especially, 35% of 25-44 Japanese male respondents answered that they feel severely.
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On the other hand, a relatively larger percentage of Chinese and Indian respondents claimed that they do not feel emotional distress; 16% and 14% of them respectively answered so. |
• Question 3 : How has the recession effected you personally? (Up to 3 choices)
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In all countries except Korea, Income/Bonus reduction is a top element that respondents feel the recession affect them personally.
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In Korea, “observe inflation” is number 1; 75% of the respondents said they noticed an inflation.
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Comparing to other countries, in Japan, over half of the respondents (about 53%) said they feel the recession when they hear news about companies going bankrupt.
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Except in Japan, about more than 50% of the respondents answered that the recession affect them personally because their investment values have decreased. |
• Question 4 : How do you cut your personal/household expenses? (single choice)
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In all countries, the top three ways to cut expenses are “Cut dining out”, “Reduce travel/leisure activities”, and “Reduce clothing/beauty care product”
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In Korea, China and India, more than 20% of respondents said they cut expenses by reducing the monthly saving deposit. |
• Question 5 : What actions does your company take to tackle recession? (up to 3 choices)
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Results vary across the countries.
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In Hong Kong and Taiwan, more than 40 % of the respondents answered that their company implemented lay offs to cut expensive whereas in Japan and Korea, less that 20% of them said so.
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In Japan, instead of laying off, it seems that many of the respondents’ employers (40%) cut working hours to tackle the recessions.
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More than 50 % of Indian respondents cited that their companies reduced business trips and telecommunication expenses. |
• Question 6 : Which industry do you think is most impacted by the global recession? (Single choice)
• Question 7 : How long do you expect the recession to last for? (Single choice)
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It seems that Indian respondents are most optimistic about the recession; About 25% of them said the recession will last for only less than 1 year whereas only 4% of Japanese answered so.
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In all countries, the majority of respondents (57% to 71%) believe that the recession will last for 1-3 years. |
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