‘Catnomics’: how Japan’s feline fixation has become an industry worth billions

Japan's cat industry, dubbed "catnomics," is projected to generate ¥3 trillion ($18.8 billion) for the economy in 2026, according to Kansai University professor Katsuhiro Miyamoto. Japanese households own 8.8 million cats, outnumbering dogs, with each cat-owning household spending approximately ¥1.8 million over their pet's lifetime. The phenomenon spans cat cafes, merchandise, literature, and tourism at Tokyo's "cat town.".

Summary by Glance · The Guardian Australia