# 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 sai

#### Latest issue

###### Central Banking Journal

Read the latest edition of the Central Banking journal