week 10 Assignment

1. Week #10 Assignment
s1190086
Ryuji Kuroda

2. Index
● Large manufacturers sentiment
● The survey
● corporate uneasy to Abenomics
● Abenomics
● Latest survey
● Tankan survey
● Deflation and Abenomics

3. Large manufacturers sentiment
● Business Survey Index (BSI) of Large
manufacturers sentiment become minus
6.0 points in January to March.
● Improving to plus 13.2 in the third quarter.

4. The survey
● The survey also showed that retailers are
more confident as shoppers spend more
and that firms are ready to increase
capital expenditure.
● Suggesting the economy will accelerate
later this year.

5. corporate uneasy to Abenomics
● Capital spending and wages are essential
for the success of Japanese Prime
Minister Shinzo Abe's reflationary policies
known as "Abenomics", but last year
companies were slow to implement their
business investment plans due to
uncertainty over the growth outlook.

6. Abenomics
● The plan have three points – called
"Abenomics," named after newly-elected Prime
Minister Shinzō Abe.
– It involves a massive increase in fiscal stimulus
through government spending,
– a massive increase in monetary stimulus through
unconventional central bank policy,
– and a reform program aimed at making structural
improvements to the Japanese economy.

7. Latest survey
● The latest survey follows an unexpected
rise in a leading indicator of capital
expenditure and an upward revision to
economic growth in the first quarter due to
strong business investment.

8. Tankan survey
● Sentiment among Japanese
manufacturers improved for the first time
in three quarters, according to the Bank of
Japan's key economic indicator, the
Tankan survey.

9. Deflation and Abenomics
● Japan's long-standing struggle with deflation,
i.e. declining prices have led companies to
invest abroad as a strong yen weighs on their
production costs.
● Many economists are hoping that Prime Minister
Shinzo Abe's pledge of aggressive monetary
easing measures, known as "Abenomics," will
weaken the yen and consequentially, induce
more domestic investment.

10. Reference
● http://asia.nikkei.com/Politics-
Economy/Economy/Japan-corporate-
sentiment-dips-on-inventory-adjustment-
rebound-seen
● http://www.cnbc.com/id/102047067
● http://www.businessinsider.com/what-is-
abenomics-2013-3