Richard Jerram
Richard Jerram
begin budget clearly cut finance growth ministry order prepared sacrifice
The ministry of finance is clearly prepared to sacrifice one year's growth in order to be able to begin to reconstruct the budget -- and cut the budget deficit..
couple last suggested
It's been suggested over the last couple of weeks.
areas expand happening land major matters prices recovery rural
I don't think the recovery in land prices will expand to rural areas and it doesn't really matter. Those areas are a too-small part of the economy. What matters is what's happening in and around the major cities, and that's increasingly positive.
consistent economic point turning
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.
biggest coming economy forecast growth japan next private sector
Japan is forecast to be the fastest-growing G7 economy over the next two years. The biggest contribution to growth is coming from private sector demand.
approval banking health return seal sign
This is the seal of approval of the return to health of the banking system, ... It's also a sign of the normalization of the economy.
cycle fairly improved job market measure offer ratio reliable second sign starting
It's a sign that the cycle is starting to turn. The job offer ratio improved for the second month, and that's usually a fairly reliable measure of market conditions.
basis economic economy exports industrial months negative performance recent views
Overall, we feel that views on the economy have probably become excessively negative in recent months on the basis of the performance of two economic indicators: exports and industrial production.
overall picture quite
I think the overall picture is quite positive,
early economic extended hand improvement prices property several stage
This is the early stage of a very extended economic expansion, and there are probably several more years of improvement to come. Property prices go hand in hand with that.
interest main question raise start
The main question is when are they going to start to raise interest rates.
becoming cities effect estate few general major places positive prices turnaround
The turnaround in real estate prices is broadening out from a few places in a few major cities to a more general stabilization. The positive macroeconomic effect is becoming more significant.
almost antithesis gives market negative serious
It would be very, very negative for the market if Koizumi gives Kamei a serious post, because Kamei has been almost the antithesis of Koizumi,
few million paid
You could have paid $1.5 million a few years ago.