Tomoko Fujii
Tomoko Fujii
buying election initial optimism round seems
Yen buying seems to be stalling after an initial round of optimism about the Sept. 11 election receded.
generally investors japanese returns seem selling sought
Japanese institutional investors seem to have sought returns by selling dollar-denominated assets. That kind of repatriation is generally yen positive.
domestic economy exports figures increase later rate robust shows strong supporting surplus trade
The trade surplus figures showed strong exports and domestic demand. This shows the economy is robust enough to withstand a rate increase later this year, supporting the yen.
half likely next remain situation year
At least for the next half a year the situation is likely to remain tough.
debt drastic gain general implement needs public reducing require sector
In general reducing the public debt will require drastic public sector reform. To implement drastic reforms, Koizumi needs to gain public support.
economic near outlook quiet term
In the near term the economic outlook is still quiet bleak.
bold cannot euro expect labor looks market tax undertake weak
We cannot expect a 'grand coalition' to undertake bold and speedy reforms, especially of the labor market and tax system. The euro looks weak now.
bold cannot coalition euro expect grand labor looks market tax undertake weak
We cannot expect a grand coalition to undertake bold and speedy reforms, especially of the labor market and tax system. The euro looks weak now.