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MNI INSIGHT: Weak Corporate Spend A BOJ Virtuous Cycle Concern

(MNI) Tokyo
TOKYO (MNI)

Japan opens to tourism from June 10, but an economic rebound remains uncertain.

Weak corporate spending on capital investment and on reinvesting profits as a driver of a virtuous economic cycle remains a concern for Bank of Japan officials headed into the June policy review even as the country opens to tourism this month and services return to normal, MNI understands.

Private consumption, which is expected to rebound on pent-up demand, may lose momentum on higher costs for food and energy that has taken consumer prices above 2.0%, with the views driving the BOJ's continued stance on easy policy, MNI understands, (See MNI INSIGHT: Japan Apr CPI Above 2%, But BOJ Easy Policy Stays).

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Weak corporate spending on capital investment and on reinvesting profits as a driver of a virtuous economic cycle remains a concern for Bank of Japan officials headed into the June policy review even as the country opens to tourism this month and services return to normal, MNI understands.

Private consumption, which is expected to rebound on pent-up demand, may lose momentum on higher costs for food and energy that has taken consumer prices above 2.0%, with the views driving the BOJ's continued stance on easy policy, MNI understands, (See MNI INSIGHT: Japan Apr CPI Above 2%, But BOJ Easy Policy Stays).

Keep reading...Show less