Takehiro Sato
Takehiro Sato
far higher interest likely rates retreat strengthen
We think expectations of higher interest rates are far more likely to strengthen than to retreat significantly.
both economy enjoy expect good increasing lasting overall report
We expect the economy to enjoy a lasting recovery. It was a good report overall and it's encouraging to see both manufacturers and non-manufacturers are increasing spending.
believe finally looks realistic seeing
It finally looks realistic to believe we are seeing the end of deflation.
built financial government policy shifting stop
The government may not be able to stop the BOJ from shifting policy after all the speculation that's been built up in financial markets.
decline demand despite domestic due expected exports final headline quite report showing strong weak weaker
It's weaker than expected due to the decline of inventories, but final demand is quite strong. Basically, it's a strong report despite the weak headline number. Consumption and all domestic demand is firm. Exports are also strong, showing that demand is quite balanced.
although crude disaster economy grow hit hurricane japanese katrina oil prices spike states united
Although the disaster of Hurricane Katrina in the United States and the spike in crude oil prices may temporarily hit the Japanese economy in the July-September period, it will probably grow back in the October-December quarter,
abandoned interest policy rate zero
This amounts to a declaration that the zero interest rate policy could be abandoned at any time.
change election forward increase major push raising stance tax unlikely victory
Koizumi's major victory in the election may push forward discussions on raising the consumption tax. But Koizumi is unlikely to change his stance of not raising the tax during his tenure, so any tax increase would be after 2007.
due oil orders rebound recycling
We look for a rebound due to the recycling of oil money, such as in high-ticket orders from oil-producing nations.
again figures forecasts january looking march output positive
Looking at the manufacturers' output forecasts for January and February, even if the March figures are flat, we should see output be positive again in January-March.
bank governor japan letting officials recently senior signs tone
Governor Fukui and other Bank of Japan senior officials have strengthened their tone recently and show no signs of letting up.