David Burton
David Burton
appears bank decide deflation err increases inflation interest japan placed rate side timing
Deflation appears to have ended, but inflation is still very low. The Bank of Japan is better placed to decide what the appropriate timing of interest rate increases should be. Our recommendation would be to err a little on the side of caution.
nature occurred point
It also occurred to me, what's the nature of the emergency? They did not point that out.
certainly economic light performance revised strong
I think it (Japan's economic outlook) will certainly be revised upwards, probably significantly, in light of the strong performance recently.
capacity certain excess growth higher investment leads loans mean medium run short wrong
What leads to higher growth in the short run could lead to difficulties in the medium term. It could mean too much investment in the wrong places, excess capacity in certain sectors,non-performing loans for the banks.