Jesper Koll
Jesper Koll
godzilla issue office post turn
The big issue out there is who's going to take on Godzilla bank, i.e. the Post Office. It can turn into a problem.
anchor means opposition policy resolute second stocks within
Everything has been put into question, first by the opposition and second by the opposition to Hashimoto within the LDP. That means delay, no resolute policy action, and that means that for stocks and the yen, there is no anchor of hope.
economy economy-and-economics evolving finally fulfill japan longer pacific ready reliable term
Japan's economy is finally ready to fulfill its longer term high-growth potential. Japan is evolving into a reliable Pacific powerhouse.
emerging japan pacific reliable
Japan is emerging into a reliable Pacific powerhouse.
continues improve japan
Japan Inc. is getting stronger, and their profitability continues to improve very nicely.
asian capital companies dependent european japanese large less level market share stock stronger
Japanese large companies have become less dependent on the level of the Japanese stock market. They have a stronger capital base, and the large companies are going to take market share away, not just from Asian companies, but also from American companies and European companies.
business continue hand japan proactive steer trusted
Fukui is the big business candidate, a trusted hand that will continue to steer Japan on a deflationary course, ... We'll continue to have an accommodative BOJ, not a proactive BOJ.
process punishment reform seeing speeding
With the punishment, what you are seeing is that the reform process is not just speeding up, but it's actually getting serious.
coalition details dictated exactly financial form government markets message worked
There are some details that need to be worked out (in determining) exactly what form of coalition government we're going to get. But essentially, the message for financial markets is 'yes -- reform,' but it's not going to be dictated by the conservative LDP.
capitalism coming creates expand fact falling good healthy japan market news room strong weak
The fact that the weak institutions are falling by the wayside is actually good news because it creates room for the strong and healthy institutions to expand their market share. That's what we're witnessing right now. Capitalism is coming to Japan and the strong will get stronger.
asia benefit domestic economy including investor japan reluctant rest
In the 1990s, Japan was a reluctant investor overseas. Now that the domestic economy is doing better, Japan will take on more (overseas investment) risks, and that should benefit the rest of Asia as well, including Indonesia.
rush
In our view, Japan's policymakers are in no rush to tighten.
banks credit economy employment growth likely normal
The banks are back, ... A normal economy where you've got not just growth in employment and wages, but also growth in credit is likely to become more pronounced.
capital earn fleeing japanese longer money political pressure prevent strong wants
There may be some political pressure that the U.S. no longer wants a strong dollar, but that's not going to prevent Japanese capital from fleeing Japan, because in Japan, money doesn't earn anything.