As the semiconductor cycle goes through a rough spot, then clearly Japanese manufacturers will be affected. Their desire to build new capacity and plant will be affected -- and so it's clearly not a good thing for the Japanese economy. |
Basically, they're going to turn it into a convenience store network. |
For now, things appear to be fine, |
For now, things appear to be fine. The debate right now is how big a slowdown can be expected in 1997. |
He's said he will appoint possible successors and let them compete over who is the best reformer, |
Historians pay attention to monumental buildings and famous architects, in Chicago and elsewhere. The everyday residential environments are typically completely ignored. |
I think it's a big step forward. |
Koizumi is breaking the mold for a Japanese prime minister. He has decided he wants to change this country and is willing to do anything it takes, including sacrificing his own job and political party to do it. |
People lie because they need to present themselves as competent and worthy. Money is one key way people feel they are valued. |
The anti-reform forces are splintered, giving PM Koizumi a freer hand, |
The key issue for the economy overall is reallocating capital and labor among the sectors to have a more efficient economy, |
The key issue for the economy overall is reallocating capital and labor among the sectors to have a more efficient economy. |
The surplus will begin to moderate at some point relatively soon, partly because of some slowing in U.S. growth and partly because Japanese imports will begin to catch up a bit to the export surge. |
The U.S. isn't about to cut interest rates to save the other currencies, |
The U.S. isn't about to cut interest rates to save the other currencies. And the Japanese or the Germans are not about to hike rates in order to affect exchange markets. So the fundamentals are still pointing in the direction of a somewhat stronger dollar. |