Takuji Aida Growth Quotations

But special factors, such as a reduction in fixed telephone fees, kept the growth down to 0.1 percent.

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.

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.