Announced on the 15th, the growth rate of GDP = Gross Domestic Product from April to June this year was positive for the third consecutive quarter.
However, the "employee compensation" announced at the same time has been negative for the second consecutive quarter, and the situation continues that wage growth cannot keep up with price increases.
The Cabinet Office announced on the 15th that the real growth rate of GDP from April to June compared to the previous three months was an annualized increase of 2.2%, marking the third consecutive quarter of positive growth. .
This is because the demand for services such as dining out and accommodation has recovered after the cancellation of key measures to prevent the spread of the virus.
However, at the moment, rising prices of energy and food are hurting people's lives, and Prime Minister Kishida will consider additional measures, such as keeping the selling price of imported wheat unchanged, as a countermeasure against rising prices on the 15th. I instructed
On the other hand, "employee compensation" from April to June, which was announced together with GDP, decreased by 0.9% in real terms compared to the previous quarter, marking the second consecutive quarter of negative growth. The situation continues to catch up.
With signs of a cooling down in consumer sentiment and fears of a slowdown in overseas economies, it is unclear whether the Japanese economy will continue its sustained recovery.