Pension payday is a boost Japanese retailers can count on

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

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

KOHEI FUJIMURA, Nikkei staff writer

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.

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