![]() Real wages has fallen for 16 months through to July on rising inflation, complicating the BOJ's monetary policy outlook. The administration aims to compile an economic stimulus package next month, he added. Japanese Prime Minister Fumio Kishida, after reshuffling his cabinet on Wednesday, said the government will support the economy by ensuring that wage growth exceeds inflation in longer-term. Japan's economy grew less than initially estimated in the second quarter, revised gross domestic product data showed last week, as both business and consumer spending shrank. The road to greatness is full of bumpy and unexpected. There are always bumps in the road, but you can make the choice to keep looking ahead. The road to greatness isn’t always paved but never unmarked. But if you really want to be great, focus on the big things. It’s easy to get distracted by the little things. In July, Japan's exports fell for the first time in nearly 2-1/2 years, while the industrial output contracted more than expected.Ĭonfidence at big Japanese manufacturers fell the most in eight months, on worries a slowdown in China's economy could be a bigger drag on growth globally and at home, a Reuters corporate survey for September showed on Wednesday. The journey to greatness will not always be smooth, but the bumps in the road can help you grow. That has in turn made the Bank of Japan (BOJ) wary about speeding up an exit from its ultra-easy policy, a cautious stance underlined by a raft of soft economic indicators.
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