Jesper Koll
Jesper Koll
capital components likely public spending whether
All the components of demand, whether consumption, capital spending or public spending, all of them are likely to be negative. You are in a recession.
areas elections focus since urban won
It's now in the urban areas where elections are won or lost. Since Koizumi, it's been a focus on the urban areas.
anchor means opposition policy resolute second stocks within
Everything has been put into question, first by the opposition and second by the opposition to Hashimoto within the LDP. That means delay, no resolute policy action, and that means that for stocks and the yen, there is no anchor of hope.
emerging japan pacific reliable
Japan is emerging into a reliable Pacific powerhouse.
banks credit economy employment growth likely normal
The banks are back, ... A normal economy where you've got not just growth in employment and wages, but also growth in credit is likely to become more pronounced.
economy economy-and-economics evolving finally fulfill japan longer pacific ready reliable term
Japan's economy is finally ready to fulfill its longer term high-growth potential. Japan is evolving into a reliable Pacific powerhouse.
consumer financial isolated japanese market
The Japanese consumer is very isolated from financial market dynamics.
bank deflation disappear fighter japan true urgency
The urgency to appoint a true deflation fighter at the Bank of Japan is not going to disappear with this report.
four last risen three
This is not a one-quarter wonder. Japan's GDP has risen more than 5% for three of the last four quarters.
asian capital companies dependent european japanese large less level market share stock stronger
Japanese large companies have become less dependent on the level of the Japanese stock market. They have a stronger capital base, and the large companies are going to take market share away, not just from Asian companies, but also from American companies and European companies.
creditor largest rates starts
All liquidity starts in Japan, the world's largest creditor country. When rates go up here, rates go up everywhere.
rush
In our view, Japan's policymakers are in no rush to tighten.
growth hit moment policy pressures talk trade
The moment American growth slows down below, say, 2 percent, trade pressures are not just something that we talk about but are something that are really going to hit policy makers.
coalition details dictated exactly financial form government markets message worked
There are some details that need to be worked out (in determining) exactly what form of coalition government we're going to get. But essentially, the message for financial markets is 'yes -- reform,' but it's not going to be dictated by the conservative LDP.