Japan's economy remains weak

Economist Shinichiro Kobayashi of Mitsubishi UFJ Research and Consulting speaks about the prospects for the Japanese economy.

Kobayashi Shinichiro from Mitsubishi UFJ Research and Consulting thinks Japan's economy is still not doing well. People are trying to spend less money because prices are going up.

Kobayashi says, "For the economy to get better, people need to spend more money. For that to happen, companies need to pay their workers more. The results of the wage talks will decide a lot about how the economy will be in the future."

These talks ended recently. Before the talks, Kobayashi also said if companies pay more, prices might increase, causing more inflation. This could then change how the central bank manages money.

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