Inflation expectations have been somewhat weak, as 1  The 2019 Salaried Worker Pocket Money Survey released by Shinsei Bank shows the results of a survey conducted of 2,700 workers, both male and female, aged 20 through 59 years. The respondents were asked "If the consumption tax is raised to 10 percent, will it be a burden on your pocket money?"
Nevertheless, we also have to admit that productivity and economic growth over the past decade have not been as strong as we would have liked – especially in comparison with the United States. BIS Review 83/2007  3  III.