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By Masaki Kondo and Akiko Ikeda
April 16 (Bloomberg) -- Japanese service providers and other companies reliant on domestic demand will benefit from increasing consumption, Credit Suisse Group AG said.
An improving job market and a demographic shift in the workplace are likely to boost spending, Credit Suisse’s chief Japan economist Hiromichi Shirakawa, said in an interview yesterday. As the nation ages, there are more opportunities for young people, he said.
Complete article here.
Japan Spending, Wages Rise as Prices Slump 13th Month
By Aki Ito and Keiko Ujikane
April 30 (Bloomberg) -- Japan’s household spending, wages and job openings increased, while consumer prices tumbled for a 13th straight month, signaling a sustained recovery that’s still not strong enough to end deflation.
Today’s statistics were released hours before Bank of Japan policy makers are scheduled to announce their decision on monetary policy. Board members must decide whether to step up their efforts to contain price declines by expanding a 20 trillion yen ($212 billion) lending program. The bank is forecast to keep its benchmark interest rate near zero.
“The economy’s recovery is steadily continuing,” said Hiroshi Miyazaki, chief economist at Shinkin Asset Management Co. in Tokyo. Even so, “deflationary pressures are still deep- seated in the economy,” he said.
Household outlays rose 4.4 percent in March from a year earlier, the biggest gain since May 2004, the statistics bureau said today in Tokyo. Consumer prices excluding fresh food slid 1.2 percent from a year earlier. Wages advanced 0.8 percent, the first increase in 22 months, the Labor Ministry said.
Read complete article here.
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