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.
More Quotes from 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
Output was slightly weaker than expected, but I wouldn't worry too much.
Seiji Adachi
There is no prospect that gains in oil prices will calm down any time soon.
Seiji Adachi
Political opposition to the Bank of Japan ending its policy has clearly been removed. With the government's support, the central bank is now beset with the overall responsibility to ensure the economy keeps expanding after shifting its policy.
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
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