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日本经济财政白皮书:物价工资良性循环趋于稳定
日经中文网· 2025-07-29 03:28
Group 1 - The core viewpoint of the article is that Japan is steadily moving towards escaping deflation, with a stable upward trend in wages and prices, marking a long-term economic recovery phase [1][2]. - The economic recovery is characterized as being driven by the service sector, contrasting with previous recoveries that were led by exports and production [2]. - The white paper highlights the potential downward risks to Japan's economy from U.S. tariff measures, indicating a need for caution regarding their impact [1][2]. Group 2 - The report notes that personal consumption, which accounts for over half of Japan's GDP, is recovering slowly despite improvements in disposable income and financial asset balances [2]. - Consumer sentiment is negatively affected by the belief that wage increases are not sustainable and that price increases will continue, leading to higher savings rates among households, particularly single-person households [3]. - To achieve a robust recovery in personal consumption, stable price increases and faster wage growth are deemed essential, along with policies aimed at enhancing social security and reducing uncertainties about retirement [3].