Stefan Worrall
Stefan Worrall
adjustment areas asset broader bubble debts difference domestic driven economy excessive export exports growth main outside past playing time
The main difference this time is the restructuring of the domestic economy, playing down the excessive debts and other hangovers from the asset bubble of the 1980s, and those adjustments have been done. In the past we've had recoveries driven by export growth but no real adjustment in the broader economy in areas outside of exports and manufacturing.
economy fantastic
Japan's economy is back, and with a vengeance. This was a pretty fantastic year.
biggest demand domestic economy-and-economics external growth japan life moving normal support
Before, growth was reliant on the life support of external demand. Japan is moving back to a more normal economy, where domestic demand is the biggest driver.
exports reflected seeing sharp turnaround
What we're seeing now is a very sharp turnaround in exports and this was reflected in the GDP numbers.
coming domestic economy expected finally global growth industrial months people production seen six solid straight stronger track turnaround
We've seen six straight months of industrial production expansion, a very solid turnaround in exports, stronger global growth than a lot of people expected and the domestic economy finally coming back on track in a very solid way.