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00:00The Japanese economy is shrinking in the first quarter of the current year and exceeding expectations.
00:07Will the Bank of Japan intensify its monetary policy or will it lead to a rise in wages and the collapse of the Japanese economy?
00:15In the beginning, we pointed out that the economy shrank by 2% in Japan in the first quarter of the current year on an annual basis.
00:25As a result, it exceeded expectations by about 1.5%.
00:30Even if we look at the Japanese economy, on an annual basis, it also shrank by about 15%.
00:39In this context, we point out that today the private consumption has shrunk by 17%,
00:45which represents more than half of the Japanese economy.
00:49As a result, it had a negative impact on the Japanese economy.
00:54In this context, we also point out that the yen has seen some declines compared to the dollar,
01:00but in yesterday's session and today's session, we noticed that the dollar is equal to about 154 yen
01:07and has seen some gains, especially in light of the outpouring of inflationary data in the United States,
01:14which had slowed down and, of course, came less than expected.
01:19Also in this context today, we point out that there is an analysis that says that the rise in wages in Japan
01:25in the coming months is due to the fact that large companies have achieved the highest increase in wages
01:31since three decades this year.
01:33The Japanese economy can be revived.
01:35But also in return, we point out that if the Japanese economy does not witness sufficient recovery,
01:41the Bank of Japan will strengthen its monetary policy.
01:45Also in this context, we point out that in March, Japan raised interest rates for the first time since 2007.