let s ta ke let s take a look at how the stock market is doing. flat to high. trading at a 33 year home. the last quarter it outperformed any major global indices partly because investors are hopeful about japan s economy. nobuko kobayashi, from professional services firm, ey, explains. yes, it beat expectation by one point which is quite phenomenal. if you peel down, break down the difference, the positive surprise comes especially from the investment in private sector. the personal consumption, which was considered to be jumping up, was in line with expectation, but particularly on the business side, it was a positive surprise. i want to ask you about consumer spending because we have been talking about how japan has never really had inflation for many decades and now, having one, albeit much lower compared to other parts of the world, and yet wages have not been growing as much as expected, so why is consumer sentiment quite strong? consumer sentiment, i think, temporarily
optimism is reflected in the stock markets as well. this is how the nikkei has started trading. it has been at 833 year high so we see a bit of profit taking. a 33%. the last quarter outperforming any major global indices as well. let s begin nobuko kobayashi joining us from kyoto. thank you forjoining us on the programme again. what did you make of this much stronger than expected gdp figures? yes. make of this much stronger than expected gdp figures? expected gdp figures? yes, it beat expectation expected gdp figures? yes, it beat expectation by expected gdp figures? yes, it beat expectation by one - expected gdp figures? yes, it beat expectation by one point| beat expectation by one point which is quite phenomenal. if you peel down, break down the different, the surprise comes especially from the investment in private sector. the personal consumption was in line with expectations but particularly on the business side, it was a positive surprise. i on the business s
optimism is reflected in the stock markets as well. this is how the nikkei has started trading. it has been at 833 year high so we see a bit of profit taking. a 33%. the last quarter outperforming any major global indices as well. let s begin nobuko kobayashi joining us from kyoto. thank you forjoining us on the programme again. what did you make of this much stronger than expected gdp figures? yes. make of this much stronger than expected gdp figures? expected gdp figures? yes, it beat expectation expected gdp figures? yes, it beat expectation by expected gdp figures? yes, it beat expectation by one - expected gdp figures? yes, it beat expectation by one point| beat expectation by one point which is quite phenomenal. if you peel down, break down the different, the surprise comes especially from the investment in private sector. the personal consumption was in line with expectations but particularly on the business side, it was a positive surprise. i
let s ta ke let s take a look at how the stock market is doing. flat to high. trading at a 33 year home. the last quarter it outperformed any major global indices partly because investors are hopeful about japan s economy. nobuko kobayashi, from professional services firm, ey, explains. yes, it beat expectation by one point which is quite phenomenal. if you peel down, break down the difference, the positive surprise comes especially from the investment in private sector. the personal consumption, which was considered to be jumping up, was in line with expectation, but particularly on the business side, it was a positive surprise. i want to ask you about consumer spending because we have been talking about how japan has never really had inflation for many decades and now,