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
Its estimated that could cost more than 5 billion. One of the buildings which was destroyed was the grace baptist church. Our correspondent sophie long is in hawaii and spoke to some of the congregation. The fire left more than a city devastated, and charred black buildings behind. Questions hover above the emptiness. How can you rebuild from this . What will exist here in the future . A now churchless congregation gathers at a coffee shop to share their pain. One of the Police Officers sent me pictures. It used to be my house. I wept, but weeping is not a lack of faith. Thank god that he gave us tears. Amazing grace. There are so many questions that remain without answers. Why did one survive to sit in a makeshift church when their neighbour didnt . What will become of their community so crippled by a loss thats still being counted . I dont think it will ever be the same. I hope it will be better. Thats my prayer. And i believe that, i think one day, you know, it can be an even better
A further rise in business investment. Private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. How do you think investors are going to respond to this news . The japanese economy is performing quite well. I dont think it will be a big market reaction. Simply because the indications for Monetary Policy are not clear cut. The bank ofjapan is already quite optimistic about the gdp growth, and what really matters for Monetary Policy is how global inflation is. Strong gdp growth, the margin, Rising Inflationary pressures. As we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease Household Burden on the cost of living. In terms of the bank ofjapan, looking at whether they are actually going to raise Interest Rates after quite some time, what do you project . We time, what do you proect . We dont time, what do you proect . We dont thinkfi time, what do you project . Dont thin
Of £115 million. Liverpool agreed a deal four million shy of that figure for the 21 year old on friday. But caicedo s favoured chelsea and they have finally succeeded with a bid after having a number of offers knocked back by brighton. Caicedo will become chelseas eighth signing of the summer. Theres been another coup for the Saudi Pro League. Brazilian star neymar is leaving Paris Saint Germain tojoin al hilal. The fee is understood to be around 90m euros, plus add ons. The two year deal is subject to the 31 year old completing a medical and all the necessary paperwork. It comes after it became clear neymar was not part of new coach Luis Enriques plans for the new season at p56. Solves a problem for ps6 because i dont think they really wanted name are there any more. Wanted neymar there any more. Also it is good news for the Saudi Pro League because amongst a number of star names clearly the move the move this summer, neymar is one of the biggest in football. Everton have released a
For the new season. Erik ten hag says Harry Maguire would be better off leaving Manchester United if hes not confident enough to battle for a First Team Spot at old trafford. Maguire is desperate for more game time and is keen on a move to west ham, but ten hag still belives he can still be important this season. Top centre back. He is the best for england, so why shouldnt he be the best for us . But he has to prove it. And when he is not confident enough to go in and fight, then he has to go, then he has to make the decision. But i am happy with him. Not long to go until the womens world cup semifinals get under way. Australia head into their last four tie against england having beaten them 2 0 away in a friendly back in april, ending the lionesses 30 match unbeaten run. They meet again on wednesday. That was a friendly game, and yes, we do take something out of it. But at the same time, we are into Knockout Games in a world cup, so it is a completely different game, and i think we wa