If the BOJ fails again like it did in 2000, this could be a fatal blow to the credibility of Japanese monetary policy.
The unemployment figure shows that the period of stalled economic recovery that we saw in the middle of last year is ending, and that the number of people who are finding work is starting to pick up.
The outlook for new car sales is actually not so bad. Job and wage conditions are improving, and that's creating the environment for automakers to boost sales as soon as they roll out attractive vehicles.
