EY's Kobayashi on Japan Retail Sales

The video discusses Japan's economic landscape, focusing on the impact of open borders on tourism and retail, domestic demand challenges due to stagnant wage growth, and the performance of the retail sector. It also covers inflation concerns, the low unemployment rate, and the dynamics between the yen and the dollar, providing an outlook for 2023.

How has the reopening of borders affected Japan's retail sector?

• It has led to a decrease in domestic demand.

• It has had no impact on retail sales.

• It has increased inbound tourism, boosting retail sales.

• It has decreased retail sales.

What is one of the challenges facing Japan's domestic demand?

• Decreasing tourism

• Strong yen

• High inflation rates

• Lack of significant wage increases

What trend was observed in Japan's retail sales in December 2022?

• A decrease in supermarket sales

• No change from the previous year

• A decline compared to November

• A 3.8% year-over-year increase

How does Japan's inflation compare to Western economies?

• It is at the same level as Western economies.

• It is higher than in Western economies.

• It is lower than in Western economies.

• It is not a concern in Japan.

What has been the trend of the yen towards the end of 2022 and into 2023?

• It has continued to depreciate significantly.

• It has shown signs of stabilization.

• It has appreciated significantly.

• It has remained unchanged.