If they have to lose their job and also face severe uncertainty of their asset value, then the combination of the two would be very negative for consumer sentiment. We would see a very severe spiral, a vicious spiral. So I'm very concerned about this possibility.
Yasushi Okada
The challenge for him in the long term is to slash government spending when the economy picks up.
challenge government economy
To apply the Western standard of recession is not appropriate in Japan.
japan western recession
uncertainty negative possibility lose face job sentiment
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