Paul Sheard
![Paul Sheard](/assets/img/authors/unknown.jpg)
Paul Sheard
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.
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.
activity boost demand domestic pickup seems starting
The pickup in domestic demand seems to be starting to boost activity in the tertiary sector.