Group 1 - The economic fiscal white paper for 2025 indicates that Japan is steadily moving towards escaping deflation, with a stable virtuous cycle of rising wages and prices [2][3] - The white paper highlights that the current economic recovery is characterized as a long-term maturation phase, marking over five years since the low point in May 2020, which is the third longest recovery since World War II [3] - The recovery is primarily driven by the service sector, contrasting with previous recoveries that were led by exports and production [4] Group 2 - The white paper expresses concern over potential downward risks to the Japanese economy due to U.S. tariff measures, indicating a need for vigilance [2][4] - It notes that the impact of reduced production in the passenger car sector could have widespread effects on industries such as steel, transportation, and postal services [4] - Despite improvements in disposable income and financial asset balances, personal consumption recovery remains slow, attributed to consumer pessimism regarding sustainable wage increases and ongoing price rises [4][5] Group 3 - To achieve a robust recovery in personal consumption, stable price increases and faster wage growth are deemed essential [5] - The white paper emphasizes the importance of establishing a sustainable social security system and reducing uncertainties regarding retirement to enhance consumer confidence [5]
日本经济财政白皮书:物价工资良性循环趋于稳定
3 6 Ke·2025-07-29 04:09