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MNI INSIGHT: BOJ Puzzled By Weak Spending.......>

BOJ: MNI INSIGHT: BOJ Puzzled By Weak Spending Bounce Post-Tax Hike
- The Bank of Japan is puzzled by weak consumer spending against a backdrop of a
tight labour market and recovering confidence levels, with concern growing there
may be a repeat of the sluggish recovery seen following the 2014 sales tax hike,
MNI understands. Although officials at the Bank still expect private consumption
to pick up in the first quarter, weak spending data in December is giving some
pause for thought, offering no sign yet of a recovery as weak consumer spending
extends to a third month after the October 1 sales tax hike.
- For full story see MNI Main Wire at 06:40 GMT 01/14 or contact for access.

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