The majority of members remarked that indicators such as machinery orders and construction starts(floor area) showed that business fixed investment remained on an uptrend, mainly in IT-related areas.
The majority of members expressed the view that, as judged at the previous meeting, the economy was steadily approaching a situation where it could be said that deflationary concern had been dispelled.
Ike's Gamble is a page-turner in part because it is fluently written but mostly because its tale so precisely foreshadows the equally misguided Middle East policy of Barack Obama and John Kerry.
However, the majority of members, including those above, shared the view that it was unnecessary to change the judgment that the economy was recovering gradually.
The technology to deploy autonomous weapons is largely in place, and the engineering tasks seem to be easier than those involved in creating self-driving cars(partly because the reliability requirement for weapons is so much lower).
Based on the above discussions, the majority of members agreed that the deterioration in the employment and income situation had almost come to a halt.
The majority of members including the two above members stressed that monetary policy should not be employed to deal with structural problems but should be conducted based on an overall assessment of the economy.
The majority of members also maintained a gloomy view on private consumption, commenting that the severity of employment and income conditions persisted, as reflected in the full-scale implementation of corporate restructuring and the decline in summer bonus payments.
Further, a majority of the members commented that the sufficient provision of liquidity would contribute to stabilizing the financial system and to improving household and depositor sentiment.
Japan's tax bite as a share of GDP was, as most of us would expect, close to that of the United States but far lower than in the other advanced industrial democracies.
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