Paul Sheard
Paul Sheard
april believe looking slow
The BOJ will be slow to end quantitative easing, because it's constrained by the government's deflation-fighting plan. I believe we're not looking at April or May this year, but September.
continued energy exports grow higher imports outlook reflecting remains seem
Imports seem to have continued to grow rapidly, reflecting higher energy prices. The near-term outlook for exports remains positive.
biggest cannot downside ignore premature risk
Premature tightening is the biggest downside risk we see for Japan. We don't think it will happen, but we cannot ignore it.
activity boost demand domestic pickup seems starting
The pickup in domestic demand seems to be starting to boost activity in the tertiary sector.