Domestic economy has not done so well and consumption is down on the quarter and investment spending is treading water. In that respect it would be premature to say the japanese economy is Out Of The Woods but it is a positive surprise. This is a tricky it is a positive surprise. This is a tricky balance it is a positive surprise. This is a tricky balance for it is a positive surprise. This is a tricky balance forjapan because they have been trying to boost inflation unlike some other g7 economies yet they are having a problem, people arent feeling confident in purchasing and buying things there. How do they balance this . They balance this . Indeed, thats the they balance this . Indeed, thats the milliondollar i thats the Million Dollar question right now. Weve had a pretty good result for these spring Wage Negotiations this year and wage growth is picking up year and wage growth is picking up injapan so in that respect things are changing. But the wage gains we are seeing now are not
we ll have to see where things go from here out. the expectation is for inflation to moderate but with all the disruptions we see worldwide to food prices and potentially those disruptions bleeding into other commodities as well, there is a chance that inflation will stay higher for longer, in which case the outlook for domestic spending would certainly darken quite a bit. i would certainly darken quite a bit. ., ., ., . ~ would certainly darken quite a bit. ., ., ., ., bit. i have to go back to the 696 again- bit. i have to go back to the 6% again. what bit. i have to go back to the 696 again. what is - bit. i have to go back to the 696 again. what is it - bit. i have to go back to the 696 again. what is it that. bit. i have to go back to the i 696 again. what is it that japan 6% again. what is it thatjapan is doing because we were expecting things to be much more incremental, things move a bit slower, they are very cautious, so what are gandhi attributed to this massive increase,