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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, tempo ....
By 8.3%, according to this freshly released data, which pushes up the nominal gdp to 570 trillion yen, which is a record high. so this correlates favourably to the nikkei price, nikkei average. so that s one thing. and secondly, the corporate earnings are higher than ever in three decades. so that s two. and thirdly, the geopolitical uncertainties around the world makes japan a relatively stable and safe destination. but do you agree with that assessment which some investors india s central bank started its three day meeting to deliberate on monetary policy on tuesday and is expected to make its announcement clear on thursday. experts are anticipating the rbi is likely to keep rates unchanged, that is keep it at 6.5% and the main reason behind this is that inflation has been ....