Richard Jerram Quotes (28 Quotes)


    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.

    I'm looking for faster growth on the basis that the improvement in employment and wages is going to continue, ... It looks as if just about everything that could go right is going right with the economic outlook.

    It might be that policy-led reform accelerates the process, but avoiding a mistake is all that is necessary. Any assist from economic reform would be an added bonus,

    The economy is in much better condition than at the time of the previous lower house election in November 2003 ... This should help Koizumi's party in the coming vote.

    The economy has finally crawled out of its 1990s misery. This is the first time since the late 1980s that I've seen signs of a broad domestic revival.


    This is the early stage of a very extended economic expansion, and there are probably several more years of improvement to come. Property prices go hand in hand with that.

    The main question is when are they going to start to raise interest rates.

    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.

    The number of shareholders who have invested in returns, rather than relationships, has increased.

    It's quite encouraging that Japan is still posting strong export growth. This bodes well for the first-quarter economic outlook.

    Price rises are gradually feeding down the production chain. This is starting to affect consumer prices and would make the exit from deflation more solid.

    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.

    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..

    As the capital position of banks improves, so does their ability to take balance sheet risk, which should improve credit provision. The growth rate is slow, but is accelerating and should play a more constructive role in the economy.

    The Bank of Japan is unnecessarily increasing downside risks through premature tightening and an excessively low inflation target.


    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.

    The turnaround in real estate prices is broadening out from a few places in a few major cities to a more general stabilization. The positive macroeconomic effect is becoming more significant.

    There is also the issue of debt forgiveness for some construction companies by banks,

    In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.


    This is the seal of approval of the return to health of the banking system, ... It's also a sign of the normalization of the economy.

    He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,

    It's a sign that the cycle is starting to turn. The job offer ratio improved for the second month, and that's usually a fairly reliable measure of market conditions.

    We woke up and America was down pretty hard. Then we had a fairly big construction company go bust.

    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.

    I think the real question is whether growth in 2001 is positive or negative. And the way things are going, it's looking increasingly likely there's going to be a negative number.

    The stage is set for things to at least not get worse from the middle of 2002,


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