- Exports, output increasing as emerging market demand recovers
- Japan economy now able to move forward supported by tailwinds from global economic recovery
- Extremely important for Japan's economy for companies be innovative, create demand for new products and services
- 10-yr JGB yields have been stable around zero pct even as long-term rates in many other countries rose, showing BOJ's yield curve control exerting intended effects
- By implementing new policy framework appropriately, BOJ can take advantage of global recovery momentum to produce even benefits to Japan economy
- Japan's economy no longer in deflation but yet to achieve 2 pct inflation target, which is a global standard
- Essential to secure some room for monetary policy responses by aiming for 2 pct inflation, raising interest rate that is neutral to economy
- Let me reiterate that BOJ's 2 pct inflation target is a global standard
- From somewhat long-term perspective, global economy seems to have moved out of its adjustment phase after the global financial crisis
- Deceleration in global trade volume was largely driven by sluggish demand in business fixed investment, mainly in emerging economies
(Headlines via Reuters)-Also, via Bloomberg:
- Growth pace in advanced economies has accelerated
- Global economy has moved out of post-Lehman adjustment phase
- Excessive appreciation of the yen has been fairly corrected
--Full text is here:
