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Pension payday is a boost Japanese retailers can count on

Shops look to cash in on silver wave of shoppers every two months

While pensioners are quicker to spend, they are not spending more than their working counterparts.

TOKYO -- Every 60 days, Japanese retailers prepare for a major spending bonanza. But it's not payday or bonus day for the office worker but the bountiful day when the elderly receive their pensions.

According to a Nikkei analysis of point-of-sale systems at 460 supermarkets, customer traffic is heavier after pension payment days than after paydays in all of the country's 10 regions, signaling a change in the consumption landscape.

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