Especially, in practice, considering that wages paid to women and the elderly tend to be low, my view is that firms facing a labor shortage have consequently been able to obtain low-cost labor.
C. Outlook for Japan’s Economy As for the outlook, Japan’s economy is likely to continue its moderate expansion, mainly supported by the growth in overseas economies and the synergy effects between monetary easing measures and stimulative fiscal measures. In the corporate sector, profits are projected to follow an increasing trend due to growth in demand at home and abroad.