Goldman's Matsui on Japan Economy, BOJ Policy, Corporate Earnings

The transcript discusses the potential economic impact of upcoming mega events like the Rugby World Cup and the Olympics, emphasizing their role in supporting domestic demand. It analyzes GDP figures, highlighting weak business spending and the influence of government spending. The discussion shifts to the implications of a consumption tax hike on private consumption and GDP growth. Finally, it examines challenges for Japanese equities, including currency fluctuations and domestic demand resilience.

What are the two major upcoming events mentioned that could influence domestic demand?

• Rugby World Cup and Olympics

• FIFA World Cup and Super Bowl

• Olympics and Super Bowl

• Rugby World Cup and FIFA World Cup

What is the primary factor supporting consumer spending according to the transcript?

• Decreasing taxes

• Wage growth

• Increased exports

• Government subsidies

What was the current account surplus figure mentioned in the transcript?

• 1.7 trillion yen

• 1.9 trillion yen

• 1.5 trillion yen

• 2.0 trillion yen

What is the expected impact of the upcoming consumption tax hike?

• Rise in government spending

• Boost in corporate profits

• Decrease in private consumption

• Increase in exports

What measures is the government taking to offset the impact of the consumption tax hike?

• Reducing corporate taxes

• Boosting exports

• Implementing policy mitigants

• Increasing interest rates

What is the anticipated trend for corporate profits towards the end of the year?

• Continued decline

• Stabilization and bottoming out

• No change

• Rapid increase

What is a significant headwind for the Japanese equity market mentioned in the transcript?

• Low interest rates

• High inflation

• Strong yen

• Weak domestic demand