Richard Jerram
Richard Jerram
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.
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.
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,
bank downside increasing inflation japan low premature risks
The Bank of Japan is unnecessarily increasing downside risks through premature tightening and an excessively low inflation target.
couple last suggested
It's been suggested over the last couple of weeks.
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.
fact happy income past people positive reflection rising spend turnaround year
It's the first positive reflection of the fact that over the past year there's been a turnaround in wages. People are happy to take their rising income and spend it.
domestic employment figures help output picking trends
It's very encouraging in these figures to see that employment is picking up. That's going to help domestic output and domestic incomes. The trends are all very positive.
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..
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.
few million paid
You could have paid $1.5 million a few years ago.
direction hope shift speed
The hope now is that there is a shift in the direction and speed of reform.
broad domestic economy finally late seen signs since time
The economy has finally crawled out of its 1990s misery. This is the first time since the late 1980s that I've seen signs of a broad domestic revival.
coming condition economy election help house lower november party previous time
The economy is in much better condition than at the time of the previous lower house election in November 2003 ... This should help Koizumi's party in the coming vote.