Of course, it is necessary to continue to carefully examine the upcoming results of this survey. As for the outlook, while the employment and income situation continues to improve, private consumption is likely to stay on an increasing trend, albeit at a moderate pace, partly due to active spending by the elderly – the baby-boomer generation in particular.
Housing investment is expected to remain resilient as a trend, supported by improvement in the employment and income situation and accommodative financial conditions. In this way, a sustained improvement in the employment and income situation is the key to keeping private consumption and housing investment resilient.