Before, growth was reliant on the life support of external demand. Japan is moving back to a more normal economy, where domestic demand is the biggest driver.
More Quotes from Stefan Worrall:
As we approach 2006 we have domestic demand, which is strong and being built up by employment growth, and businesses becoming more confident, and at the same time you have external demand becoming quite strong.Stefan Worrall
It's all coming together for Japan right now. Not only is the domestic demand outlook strong, but manufacturing and non-manufacturing firms are expanding, supporting both employment and capital investment.
Stefan Worrall
It's a clear stamp of confirmation that the economy is growing very strongly.
Stefan Worrall
Japan's economy is back, and with a vengeance. This was a pretty fantastic year.
Stefan Worrall
Obviously there are some risk factors with the end to quantitative easing and whether oil will start affecting global growth but the picture is pretty rosy for this year.
Stefan Worrall
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In order to represent life on the stage, we must rub elbows with life, live ourselves.
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