Mr. Koizumi remains willing to pursue structural reforms, so long as the economy permits. He's not going to abandon reforms. However, realistically it's also difficult to assume very quick progress.
More Quotes from Tomoko Fujii:
We cannot expect a grand coalition to undertake bold and speedy reforms, especially of the labor market and tax system. The euro looks weak now.Tomoko Fujii
Press reports are pointing to a BOJ move as early as March, but I think the majority of market participants don't believe that story because such a shift could create volatility before fiscal year-end in March.
Tomoko Fujii
Expectations of further Fed rate increases haven't peaked yet, while rate hikes by the Bank of Japan are a long way off. Along with Japanese investors continuing enthusiasm for overseas assets, that will likely push up the dollar in coming weeks.
Tomoko Fujii
Pressure on China to revalue against the dollar leads other Asian currencies, including the Japanese yen, to strengthen against the U.S. currency.
Tomoko Fujii
In general reducing the public debt will require drastic public sector reform. To implement drastic reforms, Koizumi needs to gain public support.
Tomoko Fujii
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Based on Topics: Progress QuotesBased on Keywords: koizumi, realistically
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