The underlying trend of consumer spending has been quite solid recently due to the improvement in the job and wage market. Consumption was strong last quarter and played a key role in supporting growth and we can expect further growth from consumption this year.
More Quotes from Seiji Adachi:
It's going just as everyone has been expecting. We'll probably see the year-on-year (CPI) increase jump to 0.3 or 0.4 percent next month as the effect of one-off factors last year fades, giving the BOJ more confidence about a policy change.Seiji Adachi
Output was slightly weaker than expected, but I wouldn't worry too much.
Seiji Adachi
The figures show that the economy has climbed out of a weak patch and that the underlying trend in capital spending is very strong.
Seiji Adachi
It's not just the headline figure that is improving. Full-time jobs are now on the rise, whereas a little while back it was just part-time and contract workers.
Seiji Adachi
There is no prospect that gains in oil prices will calm down any time soon.
Seiji Adachi
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