Krishna Bhimavarapu, an economist at State Street Global Advisors Asia Pacific, stated that japan's latest GDP data shows that the economic growth is slowing, but consumer spending unexpectedly remains resilient, which may reduce the demand for large-scale stimulus. However, Bhimavarapu believes that economic stimulus could still be achieved through a supplementary budget larger than usual. Bhimavarapu added that the data for japan's GDP in the third quarter highlights the importance of increasing wage growth, and the new government under Shusho Abe may also pursue higher wage growth. "However, we are somewhat concerned about the slowdown in export growth," he said, although the recent weakening of the yen may improve the export situation. The company stated that all these signs seem to indicate that the Bank of japan may still raise interest rates in December.