Headlines via Reuters:
- Reuters poll shows 68 pct of Japanese firms do not plan to raise prices in 2015
- 42 pcts to raise wages as much as in 2014 or more; 44 pct undecided
- 66 pct see business conditions unchanged in 2015
- 21 pct see business conditions improving; 13 pct see downward trend
More:
- Price rises and wage hikes are seen as key to boosting consumer spending under “Abenomics”
- “Considering companies were cutting prices until just a while ago, Japan is making progress towards ending deflation,” said Taro Saito, director of economic research at NLI Research Institute, who reviewed the survey results. “But we are still far from Abenomics’ ultimate goal of stronger demand driving up prices and wages in a virtuous cycle.”
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Also -the BOJ met yesterday and will do so again today. I’ll have more on this coming up.
