Richard Jerram
Richard Jerram
banking bit people small system thinking
Some people are thinking that is a little bit too small to get the banking system back on its feet.
basis economic economy exports industrial months negative performance recent views
Overall, we feel that views on the economy have probably become excessively negative in recent months on the basis of the performance of two economic indicators: exports and industrial production.
overall picture quite
I think the overall picture is quite positive,
economic reform tough
He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
both demand domestic driven export gradual improvement seeing seems side
We're seeing an improvement in output, which seems to be driven by both the export side and the domestic demand side, and we're seeing a gradual diminution of deflation.
debate declining economy months sideways three whether
Three months ago, the debate was whether the economy was still declining or going sideways. Now the debate is whether the economy is going sideways or whether it is improving.
almost antithesis gives market negative serious
It would be very, very negative for the market if Koizumi gives Kamei a serious post, because Kamei has been almost the antithesis of Koizumi,
middle stage worse
The stage is set for things to at least not get worse from the middle of 2002,
consumer employment feeds improvement naturally signs stronger
The signs of an improvement in employment are very encouraging because that naturally feeds through to stronger incomes and consumer spending.
assets closed generally needs selling
Generally what needs doing with them is the assets need selling and they need to be closed down.
coming figured mistake nasty policy quite rather six suggest weeks worrying
It's really rather worrying that six weeks into the job, he still hasn't figured out the difference. It does suggest there's quite a nasty policy mistake coming our way and quite a nasty recession.
begin budget clearly cut finance growth ministry order prepared sacrifice
The ministry of finance is clearly prepared to sacrifice one year's growth in order to be able to begin to reconstruct the budget -- and cut the budget deficit..
climb gradual headline rate seeing seen underlying zero
If you look not just at the headline rate but also at the underlying rates, you are seeing a gradual climb away from zero and that has to be seen positively.
consistent economic point turning
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.