Masaaki Kanno
Masaaki Kanno
Masaaki Kannois a former Japanese football player...
cycle healthy possible risk seeing
We are seeing a good, healthy cycle now. One possible risk factor, going forward, is the possibility of overheating.
among board consensus easing framework policy present seem sort
We think it more important what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.
achieve believe demand domestic growth japan percent roughly seems strength three
The strength of domestic demand seems real. I believe Japan will achieve roughly three percent growth this year.
deflation six strong trend wages
Consumption is strong and wages are rising, so the CPI trend is improving. In six months, deflation will be over.
bank central change confident economic middle policy recovery seems trend
The trend of Japan's economic recovery won't stop. The central bank seems to become increasingly confident that it can change policy around the middle of 2006.
decision easing framework together
We think a decision to end quantitative easing and a new framework will have to come out together as a package.
expect push rise
I expect salaried workers' incomes to rise after April. This will push the deflator up more.
basic both campaign clear concepts economic major parties reform share small
On major economic policies, the campaign has made clear that both parties share the same basic concepts of reform and small government.
among board consensus easing framework next policy present seem sort switch
More important (than heightened expectations of a policy switch next week) is what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.
change market next policy
This (the data) may heighten expectations in the market of a BOJ policy change next week.
becoming confident consumers due economic future increase seeing shows spending
This shows the increase in spending is not due to a one-off factor. We are seeing consumers becoming more and more confident about the future economic trend.
above almost bank consumer core ending japan left monetary obstacle prices recovery report rise steadily steady zero
With core consumer prices set to rise steadily above zero and today's GDP report confirming that a steady recovery is at work, there is almost no obstacle left for the Bank of Japan in ending its super-loose monetary policy.
bank becomes consumer gains increase japan july labor market pick policy prices rate wages
The Bank of Japan will probably end its zero-rate policy in July or August. If the labor market becomes tighter and gains in wages and consumer prices pick up momentum, the bank may have to make another rate increase by the end of this year.
among board change consensus easing framework market next policy present seem sort
This may heighten expectations in the market of a BOJ policy change next week. But we think more important is what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.