Richard Jerram
Richard Jerram
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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.
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It is difficult to find any part of the economic puzzle that would lead you to be less confident about the full-year 2006 outlook than you were six months ago.
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He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
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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.
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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.
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In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.
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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.
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It's quite encouraging that Japan is still posting strong export growth. This bodes well for the first-quarter economic outlook.
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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,
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It has always worked in the past. It's always been a turning point in the economy when measures have been taken to bail out the financial system.
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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.
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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.
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Some people are thinking that is a little bit too small to get the banking system back on its feet.
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We think the U.S. could expand by around 3% while Japan's economy could grow somewhere between 3.5% and 4%.