23 Quotes by Jesper Koll
- Author Jesper Koll
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The moment American growth slows down below, say, 2 percent, trade pressures are not just something that we talk about but are something that are really going to hit policy makers.
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This is not a one-quarter wonder. Japan's GDP has risen more than 5% for three of the last four quarters.
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There may be some political pressure that the U.S. no longer wants a strong dollar, but that's not going to prevent Japanese capital from fleeing Japan, because in Japan, money doesn't earn anything.
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It's now in the urban areas where elections are won or lost. Since Koizumi, it's been a focus on the urban areas.
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Consumer spending has become a credible engine of growth for the Japanese economy. Wages and incomes are increasing, job security is improving. It's a virtuous circle.
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The big issue out there is who's going to take on Godzilla bank, i.e. the Post Office. It can turn into a problem.
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The banks are back, ... A normal economy where you've got not just growth in employment and wages, but also growth in credit is likely to become more pronounced.
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The urgency to appoint a true deflation fighter at the Bank of Japan is not going to disappear with this report.
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In the 1990s, Japan was a reluctant investor overseas. Now that the domestic economy is doing better, Japan will take on more (overseas investment) risks, and that should benefit the rest of Asia as well, including Indonesia.
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