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to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of this, it

Economy beat expectationsSignature bankSilicon valley bankWelcome to asia business reportMariko oiGrowth figuresAsia s second1 6Wage growthHasn tMacquarie capitalNeil newmanGdp numberBusiness spendingMarket consensus0 4