BOJ: Japan may be moving to US model

Japan's economy may be moving toward a U.S.-style pattern of consumer-led growth, said Hideo Hayakawa, director-general at the Bank of Japan's research and statistics department.

``There might be a possibility that the Japanese economy is getting closer to a U.S. model,'' Hayakawa said in an interview in Tokyo. ``There is no doubt that Japan's consumer spending has gained momentum more than we had expected.''

``We don't necessarily expect consumer spending to be a leading force,'' Hayakawa said.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.