— This is the script of CNBC's news report for China's CCTV on August 4, Monday.
Welcome to the CNBC Business Daily, I'm Qian Chen.
Here's a little trivia for you.
75% of households in Japan use Smart Toilets.
That's compared to just 1% in the United States.
But as Jane Wells finds out, Americans are starting to trade up their traditional commodes for smart potties.
Jane Wells: "One sign that Americans are more flushed with cash - toilet sales. They fell by about a third during the Great recession here. And now the Head of one of the largest manufacturers, American Standard, says they've rebounded - and one of the fastest growing segments is this.
"These are high-end Japanese style toilets which are being sold by American Standard to compete against Toto or Kohler - a smart toilet which is selling for over $4,000. American Standard hopes to sell $50 million worth of these a year."
[Jay Gould / CEO, American Standard] "I can safely say that the economy is no longer in the toilet. It may be a toilet economy. I can tell you - the sales of toilets last year were up 13% - and sales of luxury toilets were up 80% from last year. In Japan 75% of all households have smart toilets. Today in the United States, it's only about 1%. I can definitely envision that growing to at least 10-15% over the next 3 years."
Jane Wells: "CEO Jay Gould says most of the new toilets are going into home remodeling projects, not new constructions - a sign that although the U.S hasn't recovered to the point that there's a lot of new housing supply, people are confident enough to reinvest in the homes they have, including thebest seat iin the house.
"Jane Wells, in a bathroom, CNBC Business News Los Angeles."
That wraps up this edition of the Business Daily.
I'm Qian Chen, reporting from CNBC's Asian headquarters.