Richard Jerram
Richard Jerram
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.
added assist avoiding economic might mistake reform
It might be that policy-led reform accelerates the process, but avoiding a mistake is all that is necessary. Any assist from economic reform would be an added bonus,
banking bit people small system thinking
Some people are thinking that is a little bit too small to get the banking system back on its feet.
climb gradual headline rate seeing seen underlying zero
If you look not just at the headline rate but also at the underlying rates, you are seeing a gradual climb away from zero and that has to be seen positively.
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.
growth likely looking negative positive question whether
I think the real question is whether growth in 2001 is positive or negative. And the way things are going, it's looking increasingly likely there's going to be a negative number.
assets closed generally needs selling
Generally what needs doing with them is the assets need selling and they need to be closed down.
economic export japan posting quite strong
It's quite encouraging that Japan is still posting strong export growth. This bodes well for the first-quarter economic outlook.
domestic drive revival start steadily
We see the domestic revival as steadily broadening out and in the end that should start to drive production.
companies debt forgiveness issue
There is also the issue of debt forgiveness for some construction companies by banks,
change claiming economic economy fact fiscal gone government market matter mere percent reason
The government still is claiming that the economy is okay. And if the economy's okay, then there's no reason to change it's fiscal stance. The mere fact that the market has gone down 10 percent doesn't really matter in economic terms.
debate declining economy months sideways three whether
Three months ago, the debate was whether the economy was still declining or going sideways. Now the debate is whether the economy is going sideways or whether it is improving.
economy expand grow somewhere
We think the U.S. could expand by around 3% while Japan's economy could grow somewhere between 3.5% and 4%.
both demand domestic driven export gradual improvement seeing seems side
We're seeing an improvement in output, which seems to be driven by both the export side and the domestic demand side, and we're seeing a gradual diminution of deflation.