June 25, 2018  Bank of Japan  Hysteresis and Sluggish Growth in Wages and Prices: The Case Study of Japan Presented at the 30th Villa Mondragone International Economic Seminar in Rome  Makoto Sakurai Member of the Policy Board Masahiko Kataoka Director, Secretariat of the Policy Board (The views expressed here, as well as any remaining errors, are those of the authors and should not be ascribed to the Bank of Japan.)
Earnings of listed firms for the April-June quarter of 2013, announced in late July to early August, showed that corporate results of firms in domestic demand-oriented sectors were favorable on the whole, and that many firms reported increased sales and profits due to the effects of developments in foreign exchange rates and greater demand for motor vehicles, smartphones, and related goods.