let s ta ke let s take a look at how the stock market is doing. flat to high. trading at a 33 year home. the last quarter it outperformed any major global indices partly because investors are hopeful about japan s economy. nobuko kobayashi, from professional services firm, ey, explains. yes, it beat expectation by one point which is quite phenomenal. if you peel down, break down the difference, the positive surprise comes especially from the investment in private sector. the personal consumption, which was considered to be jumping up, was in line with expectation, but particularly on the business side, it was a positive surprise. i want to ask you about consumer spending because we have been talking about how japan has never really had inflation for many decades and now, having one, albeit much lower compared to other parts of the world, and yet wages have not been growing as much as expected, so why is consumer sentiment quite strong? consumer sentiment, i think, temporarily
market too. it did dip a bit yesterday. it s a some 15% in the last quarter outperforming all the major global intimacies. we were told what is expected from the gp numbers. is expected from the gp numbere is expected from the gp numbers. , ., ., , numbers. the print emma larry numbers. the print emma larry number was numbers. the print emma larry number was 1.696 numbers. the print emma larry number was 1.696 for numbers. the print emma larry number was 1.696 for the - numbers. the print emma larry| number was 1.696 for the annual number was 1.6% for the annual iceberg based on 01 preliminary. it could be as high as 2%, and this optimism is supported by two positive factors. one is an assumption thatis factors. one is an assumption that is stronger than ever, and secondly, it is capital investment by the businesses which continues to be strong. despite the slight bit yesterday, it s trading at a 33 year high. is this optimism about the economy or something else? i
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optimism is reflected in the stock markets as well. this is how the nikkei has started trading. it has been at 833 year high so we see a bit of profit taking. a 33%. the last quarter outperforming any major global indices as well. let s begin nobuko kobayashi joining us from kyoto. thank you forjoining us on the programme again. what did you make of this much stronger than expected gdp figures? yes. make of this much stronger than expected gdp figures? expected gdp figures? yes, it beat expectation expected gdp figures? yes, it beat expectation by expected gdp figures? yes, it beat expectation by one - expected gdp figures? yes, it beat expectation by one point| beat expectation by one point which is quite phenomenal. if you peel down, break down the different, the surprise comes especially from the investment in private sector. the personal consumption was in line with expectations but particularly on the business side, it was a positive surprise. i on the business s