She suggested that whisky could be marketed in more innovative ways in the domestic market to prevent any drop in consumption.
"With the construction sector still in a slump, the domestic economy, particularly private consumption, has a long way to go, " said Mr Oh of Standard Chartered.
The fund also urged China to reduce its reliance on investment to boost growth and instead focus on domestic consumption in the country.
All four of these guys liked the domestic consumption story in the BRICs.
These policies will limit future domestic consumption growth in the same way that they have in the past, and the greater the amount of nonperforming loans generated the tighter the constraints on consumption growth.
They say that as the global financial crisis and the eurozone's debt issues hurt global demand in recent years, many of the economies in Asia eased their policies to help stoke domestic consumption to sustain growth.
Other countries in the region such as Indonesia, the Philippines and Thailand have also seen domestic consumption rise in recent times.
Speaking in Tokyo at the annual meeting of the International Monetary Fund and the World Bank, he said there had been "some progress" in China's trade relationship with the US, but "domestic consumption still does not play a sufficient role in driving China's economy".
It's a goal the government supports, according to its twelfth five-year plan (2011-2015), which calls for an increase in domestic consumption and growth of the service sector by four percentage points.
In an attempt to offset the decline in foreign sales, India has been trying to boost its domestic consumption to sustain growth.
That was before the U.S. machine tool industry suffered a meltdown in 2009, when domestic consumption tumbled by 60.4 percent, according to the Association of Manufacturing Technology.
At the same time, domestic consumption in Japan continues to remain subdued.
This not only reduces the creative potential to support economic development in the country, but accentuates capital flight and reduces domestic consumption.
Specifically, Paulson wants to see stronger and more efficient capital markets in China, increased domestic consumption and more exports from the U.S. to China.
This difference in standard of living, as well as the size of the U.S. market, supports investment in the domestic production of goods targeted for U.S. consumption.
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Beijing's average domestic water-consumption per person has barely changed in the past decade even though prices more than doubled between 2001 and 2004.
Judging by the number of liquid natural gas (LNG) export permits being sought in the last two years (equal to over 60% of current domestic consumption), this export role is entirely feasible.
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With its biggest export market in a funk, China needs to accelerate the rebalancing of its economy towards domestic consumption, with the help of a stronger currency.
They said that while such an big amount of money being injected into the economy was likely to help spur growth, further steps were needed to sustain it in the long run including measures to help exporters and reforms aimed at boosting domestic consumption.
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Indonesia's growth rates have exceeded 6% in recent years, with a domestic consumption driving a boom and largely shielding the country from the worst of the global downturn.
The policies have seen Japan's central bank, the Bank of Japan, double its inflation target to 2% in attempt to spur domestic consumption.
If a wimpy greenback meant fewer purchases of foreign products by American consumers, domestic consumption in Europe and Japan might not rise by enough to take up the slack.
The share of domestic manufacturing consumption taken by imports has risen from 31% in 1998 to 37% in 2008, according to Dan Meckstroth of the Manufacturers' Alliance, a trade group.
Property consultants and logistics property developers said there had been an upturn in investment interest in logistics and business parks in recent months as a way to tap into the growth of e-commerce and rising domestic consumption.
The benefits of the shale gas explosion include the newfound abundant supply which will provide more than enough natural gas to meet U.S domestic consumption needs and provide an expectation for relatively low natural gas prices in the future.
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"To get the world economy on a stable growth path again, it is necessary to correct excessive consumption in the United States, as well as global imbalance coming from insufficient domestic demand of various countries, especially those with trade surpluses, " Aso said.
With consumption remaining stable, Maki expects a 2% drop in the second quarter gross domestic product.
The ministry cited a decline in private sector investments and private consumption expenditure for dragging down total domestic demand.
The Bank of Japan has also raised its inflation target to 2% in a further attempt to boost domestic consumption.
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