This may heighten expectations in the market of a BOJ policy change next week. But we think more important is what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members. |
This shows the increase in spending is not due to a one-off factor. We are seeing consumers becoming more and more confident about the future economic trend. |
We are seeing a good, healthy cycle now. One possible risk factor, going forward, is the possibility of overheating. |
We are seeing a series of good indicators pointing to solid recovery: improving production, improving exports, improving employment and improving spending. |
We can expect a good 3 percent growth in calendar 2006. |
We think a decision to end quantitative easing and a new framework will have to come out together as a package. |
We think it more important what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members. |
With core consumer prices set to rise steadily above zero and today's GDP report confirming that a steady recovery is at work, there is almost no obstacle left for the Bank of Japan in ending its super-loose monetary policy. |