Glenn Maguire
Glenn Maguire
almost basket component gasoline given household impact small
Given gasoline is such a small component of the household basket in Japan, it should be having an almost negligible impact on sentiment.
caution clear consumer drove economy evidence half reports second slowing
These reports are clear evidence that the consumer caution that drove the slowing in the economy in the second half of 2005 is on the wane.
population skill
Progressively, the skill set of the population is growing.
highlight numbers
Today's numbers highlight the inappropriateness of rate-cut expectations.
above clearly economic economy growing last seeing six
When we look at the economic fundamentals in Japan, and how they've unfolded in the last six months, we're clearly seeing an economy that is growing above potential.
appears dollar hold political taiwan tension
When we look at investment, it appears to be structurally too low. The political tension will hold down the Taiwan dollar too.
exports industrial lending starting support
Exports are starting to firm, which is lending support to industrial production.
behind dark days deflation good news signals
It's unambiguously good news for Japan. It signals the dark days of deflation are behind us.
bank conditions financial sending signal strongly
The bank is strongly and immediately sending the signal that financial conditions may need to be made tighter.