Takuji Aida Economic Quotations

Japan's consumer spending is pretty firm, and it's expected to pick up momentum further in the next fiscal year. So far, the growth in consumption hasn't caught up to the pace of economic growth, but we expect it will gradually play a role as a locomotive for economic expansion.

We anticipate Japanese companies will try to compete in hiring good workers, driving up wages. Improving employment and rising wages will support demand, prop up economic growth and spur inflation.

With economic growth being driven by consumer spending, the Bank of Japan will want to end quantitative easing soon to avoid the risk of the economy overheating.

An economic improvement is spreading through all of Japan. We expect Japan's fourth quarter GDP to show a pretty good performance.

For the economic recovery to be sustainable, domestic demand needs to strengthen and the consumer prices need to show consistent gains. Both of these factors are most directly influenced by wages.