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.
There is robust demand for Japanese goods from the U.S. and Asia.
An economic improvement is spreading through all of Japan. We expect Japan's fourth quarter GDP to show a pretty good performance.
Domestic demand is clearly the driving force. With strong capital spending plans and signs of rising bonuses, there's a good chance that the economy will grow more than an annualized 2 percent in the fourth quarter.