SMBC Group's Financial and Credit Portfolio

(Ref.) Consumption in Japan Household inflation expectations" Nominal and real wage" (2020 = 100) 12% 10% 8% 6% 4% 2% 0% 2010 2012 2014 2016 2018 2020 2022 *1 Bank of Japan (BOJ), Ministry of Health, Labour and Welfare (MHLW) 110 105 100 95 -Nominal Wage Real Wage приверну my 2010 2012 2014 2016 2018 2020 2022 Copyright © 2023 Sumitomo Mitsui Financial Group. All Rights Reserved. 31

View entire presentation