Japan's CPI Up 0.7% Amid Tight Job Market

The video discusses the rebound in industrial production and a modest inflation rate of 0.7%. It highlights the impact of demand from China and Japan on production and notes stable consumption despite weak retail sales. The labor market is tight, with a low unemployment rate, but wage growth is limited, mainly affecting part-time workers. The Bank of Japan's view on wage inflation is questioned, as overall wage growth remains low, impacting the potential for significant inflation.

What factor contributed to the stronger industrial production in Japan?

• Increased domestic demand

• Demand from China and Japan

• Higher government spending

• Improved technology

How did the weather in August affect retail sales in Japan?

• It boosted sales significantly

• It made sales unpredictable

• It had no impact

• It caused a decline in sales

What is the current unemployment rate in Japan as mentioned in the video?

• 3.5%

• 2.8%

• 1.9%

• 4.0%

What is the main reason the speaker does not believe in wage inflation pressure?

• Government policies are ineffective

• There is a high demand for labor

• Full-time wages are rising rapidly

• Labor market tightness affects part-timers more

What is the expected average hourly wage growth mentioned in the video?

• 1.5%

• 2.0%

• 0.5%

• 0.7% to 0.8%