Japanese companies are regaining pricing power by gradually reflecting rising manufacturing and labor costs in their product prices. The Bank of Japan may raise interest rates as early as August.
More Quotes from Ryutaro Kono:
If the Bank of Japan can confirm one more month of CPI gains, its policy conditions on prices will be satisfied, and the only remaining issue will be its overall judgment of the economy's strength.Ryutaro Kono
The recovery in employment and incomes should continue bolstering consumption ahead. And the recent machinery orders data suggests capital spending will maintain an uptrend into the fourth quarter onwards.
Ryutaro Kono
The rise in the numbers shows that growth is on a solid footing.
Ryutaro Kono
There is a 60 percent chance for a policy change this month and 40 percent for action in April. In any case, a rate increase won't be an option for the time being, and zero rates will continue.
Ryutaro Kono
A revival in their investment plans backs up the case that deflation is ending. Non- manufacturers have no choice but to depend on domestic sales and until now they have been reluctant to increase investment because of concern about deflation.
Ryutaro Kono
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