It's the first positive reflection of the fact that over the past year there's been a turnaround in wages. People are happy to take their rising income and spend it.
More Quotes from Richard Jerram:
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.Richard Jerram
He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
Richard Jerram
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..
Richard Jerram
Japan is forecast to be the fastest-growing G7 economy over the next two years. The biggest contribution to growth is coming from private sector demand.
Richard Jerram
The stage is set for things to at least not get worse from the middle of 2002,
Richard Jerram
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