boj minutes, 2004-03-16
A different member said that the recent firmness in private consumption had been due partly to the increase in the value of financial assets in real terms resulting from the fall in prices to date, in addition to the following factors: improvements in the employment situation; the change to a positive figure in regular payments; and expectations of an increase in income, particularly of an increase in summer bonuses.
Sentiment: neutral
Topic: mp_economic_activity