Japan's economy is finally ready to fulfill its longer term high-growth potential. Japan is evolving into a reliable Pacific powerhouse. |
Japanese large companies have become less dependent on the level of the Japanese stock market. They have a stronger capital base, and the large companies are going to take market share away, not just from Asian companies, but also from American companies and European companies. |
Koizumi has made nationalism respectable. |
Strengthening spending patterns are being underpinned by capital expenditure, job creation, and rising wages in Japan. |
The banks are back, ... A normal economy where you've got not just growth in employment and wages, but also growth in credit is likely to become more pronounced. |
The big issue out there is who's going to take on Godzilla bank, i.e. the Post Office. It can turn into a problem. |
The fact that the weak institutions are falling by the wayside is actually good news because it creates room for the strong and healthy institutions to expand their market share. That's what we're witnessing right now. Capitalism is coming to Japan and the strong will get stronger. |
The Japanese consumer is very isolated from financial market dynamics. |
The moment American growth slows down below, say, 2 percent, trade pressures are not just something that we talk about but are something that are really going to hit policy makers. |
The recession is here, |
The urgency to appoint a true deflation fighter at the Bank of Japan is not going to disappear with this report. |
There are some details that need to be worked out (in determining) exactly what form of coalition government we're going to get, ... But essentially, the message for financial markets is 'yes -- reform,' but it's not going to be dictated by the conservative LDP. |
There are some details that need to be worked out (in determining) exactly what form of coalition government we're going to get. But essentially, the message for financial markets is 'yes -- reform,' but it's not going to be dictated by the conservative LDP. |
There may be some political pressure that the U.S. no longer wants a strong dollar, but that's not going to prevent Japanese capital from fleeing Japan, because in Japan, money doesn't earn anything. |
They are buying everything from New York real estate to American securities to corporations to their hard assets. That's what's driving the currency market. |