The central bank, under its new governor Haruhiko Kuroda, has vowed to double the monetary base through purchases of government bonds to meet a 2 percent inflation target within the next two years.
There is enough residential property currently under construction to meet about five years of demand, without new projects being started, up from 2.9 years in 2009.
Apple Inc. (AAPL) supplier Foxconn, which has boosted its China workforce 50 percent in two years to 1.2 million, needs to use employees in more parts of the country to meet demand, Jitendra Waral, a Bloomberg Industries technology analyst, said in a note published today.