Richard Jerram
Richard Jerram
ability balance banks capital credit growth improve position rate role sheet
As the capital position of banks improves, so does their ability to take balance sheet risk, which should improve credit provision. The growth rate is slow, but is accelerating and should play a more constructive role in the economy.
companies debt forgiveness issue
There is also the issue of debt forgiveness for some construction companies by banks,
middle stage worse
The stage is set for things to at least not get worse from the middle of 2002,
consumer employment feeds improvement naturally signs stronger
The signs of an improvement in employment are very encouraging because that naturally feeds through to stronger incomes and consumer spending.
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,
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.
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.
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.
free people ride risk
There is a risk of people overreacting. The five-year free ride comes to an end, or at least that's the fear.
affect consumer deflation exit feeding gradually price prices production rises starting
Price rises are gradually feeding down the production chain. This is starting to affect consumer prices and would make the exit from deflation more solid.
feeding gradually price production rises
Price rises are gradually feeding down the production chain.
consistent economic point turning
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.
basis economic employment faster growth improvement looking looks wages
I'm looking for faster growth on the basis that the improvement in employment and wages is going to continue, ... It looks as if just about everything that could go right is going right with the economic outlook.
assets closed generally needs selling
Generally what needs doing with them is the assets need selling and they need to be closed down.