This left orders in the fourth quarter up an impressive 4.1 quarter-on-quarter and points to strong capital spending in the early months of 2006, which will likely make the Bank of Japan that much more confident that the time is approaching to start removing its ultra-easy monetary policy.
More Quotes from Adam Cole:
Even if they don't change at this week's meeting the delay is only one month. It will take three months to withdraw excess liquidity before they can target zero interest rates. So the policy shift might not have a material impact.Adam Cole
On balance the numbers were benign again, although slightly worse than what we expected because of volatile items such as food prices. The underlying picture is still pretty comfortable.
Adam Cole
It highlights the weakness of Blair's leadership and increases the risk on UK assets but like most political events of the past year, the impact is likely to be short-lived,
Adam Cole
The interest rate dynamics have been favorable and the indicators have been better than expected over the last four or five weeks.
Adam Cole
Volumes are still unusually thin at the moment, with half the Far East still on holiday.
Adam Cole
There is a limit to the negative effect on the yen of the capital outflows that have been driving it down for the last two months,
Adam Cole
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Based on Topics: Time QuotesBased on Keywords: quarter-on-quarter, ultra-easy
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