30 ordspråk av Tomoko Fujii
Tomoko Fujii
At least for the next half a year the situation is likely to remain tough.
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Everyone is waiting for an end to the tightening cycle, so that's why the dollar is vulnerable.
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Expectations of further Fed rate increases haven't peaked yet, while rate hikes by the Bank of Japan are a long way off. Along with Japanese investors continuing enthusiasm for overseas assets, that will likely push up the dollar in coming weeks.
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Fukui is smoothing the way to end its deflation-fighting policy by making those comments. Having that clear goal, he is persuading politicians and the market.
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Good economic figures will surely be euro supportive. The euro-zone economy is expanding faster than expected.
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He hasn't done any reforms yet, so they would like to see the results.
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He's likely to make more bullish comments on the economy and deflation. That will put upward pressure on short-term interest rates, which is yen positive.
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In general reducing the public debt will require drastic public sector reform. To implement drastic reforms, Koizumi needs to gain public support.
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In the near term the economic outlook is still quiet bleak.
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It would be quite market-moving if the second-quarter GDP data comes in above consensus,
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It would be quite market-moving if the second-quarter GDP data comes in above consensus.
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It's a very gloomy picture. We can reasonably expect a very weak economic picture for the first and second quarter.
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Japanese institutional investors seem to have sought returns by selling dollar-denominated assets. That kind of repatriation is generally yen positive.
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might need some more time.
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Mr. Koizumi remains willing to pursue structural reforms, so long as the economy permits. He's not going to abandon reforms. However, realistically it's also difficult to assume very quick progress.
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