Yasukazu Shimizu
Yasukazu Shimizu
demand domestic expanding expect overseas production solid supporting
Overseas and domestic demand was solid in January. We can expect production to keep expanding steadily, supporting the economy.
beginning consumers evidence feeding given rising sales saw seeing softness spending spent wages
While we saw a pick-up in spending at the beginning of the year, that was just a one-off as consumers spent on sales and on seasonal goods. Given the softness we're seeing in spending in February, there isn't evidence that rising wages are feeding into consumption.