The figures are not so bad and modestly yen positive. The Bank of Japan is on a solid track toward a policy shift this April.
More Quotes from 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
might need some more time.
Tomoko Fujii
He's likely to make more bullish comments on the economy and deflation. That will put upward pressure on short-term interest rates, which is yen positive.
Tomoko Fujii
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.
Tomoko Fujii
It's a very gloomy picture. We can reasonably expect a very weak economic picture for the first and second quarter.
Tomoko Fujii
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