To the deflationary spiral however now because theres a strong trend of Wage Increases, Finance Minister Shunichi Suzuki says its over. Joining me now is seijiro takeshita, whos a professor at the university of shizuoka. Thank you for being with us today. Talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. It is todays Declaration Calls for celebration . Yes, i would think so. Concerning the fact that for two decades, we havent seen any wage rise. Where the only country to do that. There are a lot of recurring profits, bits nine redeeming to their employees. This is, in that sense, a remarkable change. In most of the estimates, there were around 4 , but now its been reported to be around 5. 2, exceeding expectations. fist been reported to be around 5. 2, exceeding expectations. Been reported to be around 5. 2, ex
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
with what economists are expecting for the latest inflation figures that they will likely show that inflation went up slightly month over month, but it will drop year over year. numbers like that would be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. well, the us central bank started hiking rates aggressively last year. authorities have hiked rates ten times marking the fastest tightening cycle since the 1980s. expectations are high that this time , they might pause. earlier, i spoke with market strategist charu chanana, and she gave me her outlook for the us federal reserve. expectations are built in for the next two quarters. this time. i think the markets are being complacent about that slow down in information that you just talked about as well as a potential fall or skip, whatever you might call it. if you remember, last week we got some hock wish trends in the market from the reserve band of australia and reser
watched metric because if consumers believe inflation will fall they will already adjust their spending patterns in anticipation of what is to come. those consumer expectations happened to jibe pretty closely with what economists expect for the latest inflation figures. they will likely show that inflation went up slightly month over month but it will drop year over year. month but it will drop year overyear. numbers month but it will drop year over year. numbers like that will be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. the us central bank started increasing the rate of borrowing aggressively last year. authorities have hiked rates ten times since marking the fastest tightening cycle since the 19805. expectations are high that this time it may pause. i spoke with a market strategist earlier who gave us her outlook for the us federal reserve. , . ., ., , ., her outlook for the us federal reserve. , ., ., reserve.
happening now, colorado s top election official joins us live just hours before donald trump is expected to appeal decisions banning him from the ballot in that state and also in maine. also this hour, breaking news out of japan, multiple deaths now confirmed after a powerful 7.5 earthquake. dramatic pictures from the disaster zone are coming in to cnn. in the midst of war, a potentially divisive ruling by israel s high court, striking down a key part of the netanyahu government s controversial judicial overhaul plan. what will it mean for israel as it s already em broimed in conflict and crisis. welcome to our viewers in the united states and around the world. wolf blitzer is offer today. i m brianna keilar. this is a situation room special report. we begin this hour with former president trump s unprecedented legal fight against his removal from primary ballots in colorado and maine. the formal appeals expected tomorrow. let s go right to cnn s senior justice departmen