Japan Economy Minister Shindo on GDP:

  • Consumer spending lacks strength, capex taking time to realise.
  • Govt aims to achieve wage increases that surpass inflation, leading to consumption growth.
  • Aims to boost potential growth rate by promoting domestic investment.
  • Aims to realise virtuous cycle of wage increase and economic growth

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This guy could be talking about anything. Talk about wishy-washy.

The data was awful:

Japan petrol gasoline 29 August 2023