Japan Ahead: Oxford Economics' Yamaguchi

Japan Ahead: Oxford Economics' Yamaguchi

Assessment

Interactive Video

Business

University

Hard

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The video discusses Japan's economic situation post-lockdown, highlighting the challenges of secular stagnation and the potential for pent-up demand in household spending and investment. It examines the issues of inflation and wage growth, noting the lack of wage inflation as a barrier to sustained economic recovery. The discussion also covers GDP growth, private consumption, and business spending, with a focus on the need for policy changes to boost economic performance. Finally, the video suggests opening borders to tourism as a strategy to leverage the weaker yen and stimulate the economy.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the expected increase in household spending in Japan?

A decrease in taxes

Pent-up demand from the state of emergency

A rise in global oil prices

An increase in foreign investments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the lack of wage inflation a concern for Japan's economy?

It affects household real income and consumption

It results in increased government debt

It leads to higher unemployment rates

It causes a decrease in export competitiveness

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of Governor Kuroda's departure on Japan's monetary policy?

No major changes due to transitory inflation

A significant shift towards aggressive inflation targeting

An increase in government spending

A focus on reducing interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the annualized GDP growth rate for Japan in the second quarter?

2.6%

1.8%

2.2%

3.0%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did private consumption and business spending compare to expectations in the second quarter?

Private consumption was higher, business spending was lower

Both were higher than expected

Private consumption was lower, business spending was higher

Both were lower than expected

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one suggested change to boost Japan's economy according to the final section?

Increasing interest rates

Increase in domestic taxes

Opening borders to boost tourism

Reducing government spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a major factor that dragged down Japan's GDP numbers?

High inflation rates

Rising oil prices

Inventory investment

Increased consumer confidence