The changes in financial markets, economic activity, and prices after the introduction of QQE are broadly consistent with the roughly 1 percentage point decline in real interest rates.
The progress we have made so far has been due in part to improvements in the external environment, but we believe the bulk of this progress should be ascribed to the concerted efforts of all employees of the Group to fortify our profitability base.
As such, Japan's economy as a whole is expected to gradually increase its growth rate, with the improvements in the corporate sector originating from exports spilling over to the household sector.
Thereafter, as balance-sheet adjustments in the United States and Europe make fair progress, the improvements in the corporate sector originating from exports are likely to spill over to the household sector.
As balance-sheet adjustments in the United States and Europe make fair progress, in Japan the improvements in the corporate sector originating from exports are likely to spill over to the household sector.
In addition, we must achieve a turnaround in the economy as a prerequisite for raising the consumption tax, and set the Japanese economy on a surefooted course towards revitalization.
The above characteristics did not simply arise as a consequence of good luck, a favorable turn on the external environment; they may well have resulted from the efforts of Japanese firms to adapt to the growing trend of globalization.
A different member, however, commented that the discrepancy between the Bank's thinking and the market's was steadily being reduced as a result of improvement in economic indicators and information released by the Bank through various channels.
Since becoming FormFactor's CFO in May of 2011, Mr. Ludwig played a key role in successful turnaround of the company, executing two transformative acquisitions, and driving significant improvements in its financial results.
A favorable change in oil prices might spur growth, but there's the potential for problems if more banks have their licenses revoked, and if geopolitical tensions result in more sanctions.
Firms' price-setting stance is becoming bullish gradually on the back of an improvement in the employment and income situation, as well as a pick-up in business sentiment that reflects a rise in stock prices.
An improvement in fiscal conditions due to an increase in tax revenue and an improvement in pension financing caused by a rise in asset prices will also alleviate people's concern about the future as a whole, and thereby exert positive effects on the economy.
In accordance with an upturn in business environment, the Company repaid ¥12 billion from the loan in September 2009 before the due date, which made the total remaining amount of the bank loan about ¥15 billion at the end of the second quarter.
However, the background to this increase in the active job openings-to-applicants ratio is not only the improvement in the business cycle but also labor shortages due to the decline in and aging of the population, which is more than ten years ahead of the national trend.
With no sign of an upturn in external demand, manufacturing industry in general was inactive, as shown by the National Association of Purchasing Management(NAPM) index of new orders, which fell below 50 for the first time since May 1996.
Opera staged in the town's small stage, we do not know the way, actually touched the dark background, but also turn around in a circle before entering into the theater, has an opening in a while.
As for the outlook, Dell generally said it expected"seasonal demand improvements from the consumer and U.S. federal government businesses," but noted the fiscal third quarter is typically slow for enterprise customers.
One of these members expressed concern that, if the increase in domestic demand turned out to be a temporary development due to the effects of the tax cuts and an improvement in general sentiment, the pace of adjustment in employment might accelerate again.
Conclusion Summary According to the"JATA Survey on Travel Market Trends" conducted from late July to mid August 2008, the overseas travel market worsened further on soaring fuel surcharges, however the shift to domestic travel provided a favorable turn in that market.
In addition, even after the 100 anniversary celebrations of Kim Il-Sung on April 15th and the government's internal and external appeals of"celebrations outpour for prosperous North Korea", there are no signs of a turnaround of the situation.
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