boj speech, 2025-12-01
First, looking at the conditions that underlie such moves, the diffusion index (DI) for employment conditions in the Tankan (Short-Term Economic Survey of Enterprises in Japan) in the left panel shows that labor shortages have remained acute on the whole, as seen, for example, in nonmanufacturing industries having seen a net "insufficient" of around the same level as what was observed during the bubble period.
Sentiment: neutral
Topic: mp_labor_market