BoJ senior official: labour shortage not becoming strong constraint on Japan’s economic growth.
Key notes
- Public, private sectors must make efforts to boost productivity so economy can achieve strong, sustainable growth.
- Japan’s oct-dec GDP may have contracted sharply due to overseas slowdown, sales tax hike impact and hit from natural disasters.
- Japan’s economy likely to sustain moderate expansion as a trend on robust CAPEX, govt spending.
- Must be vigilant against various risks such as chance coronavirus outbreak could affect inbound tourism, production.
- BoJ hopes to maintain powerful monetary easing to support economy.
Share
