Rarely would you go home to your families and see them jumping up and down to ask “so what happened in the world of economics today?” Economic news isn’t riveting, unlike political news or news about crime. But what you do requires just as much vigilance, patience, and diligence, if not more. Economic numbers rarely tell the complete story when taken at face value.
With regard to the Japanese economy, various economic measures will likely boost its growth rate for the time being; in the meantime, however, there is uncertainty over the extent to which the economic measures can promote a virtuous circle in which firms’ and households’ medium- to long-term growth expectations rise as a result of progress in regulatory reforms.