The overall economic assessment still reads as „recovering moderately although some areas stalled recently“ but the government did note that „business sentiment is improving“. Adding that the „business mood and corporate profits are also improving but these have not spilled over to domestic demand“.

In any case, it’s now all about the spring wage negotiations in March and April for Japan. That’s the key focus as we look towards next year.

This article was written by Justin Low at www.forexlive.com.