She wanted me to be there in case any of the children became distressed during the question-and-answer session. I think it was an honor and a great privilege to do so. She's a very nice woman. |
Some were out for maybe a few seconds, some for a few minutes, and others for hours. Some are still out. |
That kicked into the equities market. Around 25 percent of bank profits come through bond holdings. If they are losing these capital gains then the banks are hit. People then started selling the yen because I think they started fearing things are not smelling too good here. |
The Bank of Japan is fiddling at the edges with existing policy, but this isn't a quantitative easing, ... a fairly significant set of steps. |
The decline seemed to kick in around the time of publication of data on machinery orders which is a key indicator of capital expenditure. It was well below forecast, down 12.5 percent on the month. |
The dynamic of the move in stocks is you have an extremely bombed-out market coupled with a central bank that has taken a slightly more adventurous approach to monetary policy, ... But in overall macro terms, the place is still a complete and utter economic disaster. |
The dynamic of the move in stocks is you have an extremely bombed-out market coupled with a central bank that has taken a slightly more adventurous approach to monetary policy. But in overall macro terms, the place is still a complete and utter economic disaster. |
The major driving factors for the equity market were probably the upward finish on Wall Street and the IBJ announcement, |
The market wanted to rally, ... But I don't think anything fundamental has changed. |
The stage opening alone, with an increase in height from 12 feet to 28 feet, allows us to pursue productions that require two-story settings. Even though the size has increased, we've captured the intimacy of the actor-audience relationship that was appreciated in the smaller Experimental Theater. |
The supply is not there. All people have on hand is all they're going to have. We are just trying to keep our customers happy. |
There is a lack of confidence but there were not any fundamental developments at all. |
These numbers are much better than anticipated. It is difficult to explain from the data we already have. |
They're going to kill somebody before we get a controlled intersection. |
They're shorting the yen and that's the right attitude. There's a feeling we're reaching some kind of endgame, |