Our monthly review of the key data in Japan finds some mixed signals in the official data. There are signs of renewed weakness in the monthly series on consumer spending and the downward trend in unemployment appears to have faltered. Nonetheless, this evidence is trumped by the continuing improvement in the surveys of business and consumer confidence. The hard data from industry also remains strong. The return of inflation and the strength of GDP therefore give the Bank of Japan the green light to end its ultra-loose monetary policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services