Cela va peser sur la consommation et les marges des entreprises.
http://www.bloomberg.com/news/2013-08-1 ... overy.html
With almost all of the Nikkei 225 Stock Average companies reporting, profit surged 103 percent and beat analyst estimates by 16 percent, the most in two years, according to data compiled by Bloomberg.
The magnitude and breadth of the profit surge means Japan’s leading companies have the money to help stoke the economy -- through investment, dividends and higher wages -- which would aid Abe’s effort to break two decades of stagnation.
“The first quarter got the fiscal year off to a great start,” said Takashi Aoki, a fund manager at Mizuho Asset Management Co, which oversees about $33 billion. “There will definitely be more capital spending, and increased spending will definitely stimulate the economy further.”
Gains at exporters have sparked the country’s biggest stock rally since 2005, prompting consumers to spend more, said Toshihiro Nagahama, chief economist at Dai-Ichi Life Research Institute in Tokyo. “Retailer profits are gaining as higher share prices provide a wealth effect to consumers,” said Nagahama.
Japan’s consumer prices rose at the fastest pace in four years in June as stimulus by Abe and the Bank of Japan prompted a slide in the yen that boosted import costs. Citigroup’s Inflation Surprise Index for Japan rose to 16.79 in July, a level unseen since June 2012 and the highest among the G-10 economies. A positive number means data on consumer and producer prices and wages exceeded the median estimates of economists in Bloomberg surveys.
“Consumer sentiment is starting to improve,” said Mikihiko Yamato, deputy head of research at JI Asia in Tokyo. “While people’s salaries are not increasing, bonuses are rising and I think they will spend a lot in the December holiday season. More people are buying themselves things that are a little bit better than what they usually buy.”
Hausse des exportations ...
Hausse des investissements ...
Hausse de la consommation ...
Hausse des rémunérations ...
Hausse de l'inflation ...
Tous les effets que l'on peut attendre d'un assouplissement monétaire. Bien que ce soit un peu tôt pour tirer des conclusions définitives, cela ne se présente pas trop mal.
Tout va-t-il aussi bien ?
http://www.capital.fr/bourse/actualites/la-croissance-japonaise-plus-faible-que-prevu-au-deuxieme-trimestre-864642
