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
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 thinkļ¬ time, what do you project . Dont thin
i am here in dorset where the school of your 150 million year old sea monster is going on public display. new tax rules mean leading online platforms will have to hand over details of people who make money from so called side hustles on top of their regular income. i ll explain who s affected and how. in sport, ready, set, and taking aim 16 year old luke littler becomes the youngest ever player to reach the semi finals of the world darts championship, and has his sights set on a spot in the final later. and we have a drier week this week. for the time being today we could see more disruptive rain and strong winds across the country. good morning. it s tuesday, the 2nd of january. routine school inspections won t take place for the next couple of weeks, while more training is given to 0fsted assessors to protect the wellbeing of school staff in england. in his first interview, sir martyn 0liver told the bbc that the organisation could also be far more empathetic, following t
and in the tennis, moscow born elena rybakina wins the women s singles title, representing kazakhastan. hello and welcome to bbc news. sri lanka is in the grip of chaos and uncertainty after a dramatic 2a hours which has seen the country s president and prime minister pledge to step down. they were left with little choice after demonstrators stormed or set fire to to their official residences a howl of anger after months of protests about economic mismanagement. our correspondent, anbarasan ethirajan, reports from the capital, colombo. the barricades were meant to keep the protesters back, but they were no barrier for the furious and desperate crowds, all suffering the effects of living in economic collapse. police used water cannon and fired shots in the air, but the crowds were more determined. and they kept surging forward until eventually they converged on the presidential palace and took over the home and office of the man they want to force from power. he had already
hello, this is breakfast withjon kay and sarah campbell. re5cue efforts are under way injapan, following yesterday s earthquake, after prime minister fumio kishida said it s a race against time to find those trapped in the rubble. at least 30 people are confirmed to have been killed. homes, like the ones in this residential area of suzu, were devastated by a tsunami, following the quake. and buildings collapsed like here in wajima, in ishikawa prefecture. around 1,000 members of japan s self defence forces are in the middle of search and rescue efforts in affected areas. the epicentre of the 7.6 magnitude quake was in the province of noto, with tremors felt hundreds of miles away in the capital tokyo. we re joined now by james simm5, a freelance journalist based in tokyo.