Japanese Millennials and the Growth of the Digital Market in Japan

When it comes to marketing, millennials are a generation that should definitely not be ignored. As one of the largest generations worldwide, they are expected to overtake the baby boomers in numbers by mid-2019.

In Japan, the ‘Yutori’ (millennial) generation is considered to be those born after 1987 and before 1997 give or take. Between 2017 and 2018 alone, millennials globally were estimated to spend more than $200 billion and they are expected to spend approximately $10 trillion in their lifetimes.

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Omnichannel Marketing in Japan

The late but rapid rise of e-commerce has caused many predicting the slow decline of traditional bricks and mortar stores across Japan.

This rise of ecommerce is set to continue, with JapanConsuming, an online publication devoted to the Japanese retail industry, predicting that the percentage of retail sales will rise from 9% to 23% by 20231.
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The social media evolution and prediction for Japan

The social media landscape in Japan is extremely diverse, ranging from business-orientated apps to recreational and socializing applications that facilitate vast audiences globally.

Japanese social media has somewhat changed over the past couple of years and continues to do so.

This dynamic movement in technological advances has led to the rise of the digital era, also understood to be ‘The Chaos Theory’.

This theory emphasizes the evolution, unpredictability and nonlinear nature of the digital world we live in.

In order to acclimatize and adapt to this digital evolution, we need to consider the various platforms that these applications operate on.

The most utilized social media platforms in the Japanese industry are Facebook, Twitter, Instagram and Line.

In order to utilize these platforms effectively, you need to understand the nature thereof.

Thus when one considers the relevancy and effectiveness of these online spaces in the industry, their statistics indicated their reason for being.

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