The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year.
More Quotes from Alan Oster:
Despite improvements in confidence and still reasonable sales, the results suggest that business is still reluctant to increase hiring.Alan Oster
For 2001, we expect Japanese growth of marginally less than 1 percent.
Alan Oster
Overall, the message you come back with is, business conditions, activity, was pretty good, although there's still doubts about whether this is going to continue for a long time.
Alan Oster
There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities, ... Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.
Alan Oster
The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period.
Alan Oster
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