Market Report, "Japan Food & Drink Report Q3 2013", Published
Our outlook on consumer confidence in Japan is slightly more upbeat when compared with previous quarters, as we believe that Prime Minister Shinzo Abe's direct approach in terms of encouraging wage increases and business spending is likely to bolster growth in private consumption and investment over the near term. With leading indicators showing much-sought-after improvements, we believe the optimism following the regime change in Japan will help to drive a pickup in economic activity in 2013.
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