James Malcolm Quotations

Ultimately he's likely to be forced to compromise more, ... there hasn't been very much in the way of backing down.

No doubt about it, (the number) was a disappointment, well below what we, or I think anybody else, expected, ... We'll probably be trimming our forecast for the second-quarter GDP now.

If anyone is looking for any signs of brightness, you would expect to see it on confidence and outlook, with Koizumi. So far there's not much signs of that happening.

He has a broad framework in mind. He has to be a little flexible in terms of how it is implemented,

There are quite a lot of push factors away from the U.S. and a lot of pull factors to Asia.

Currencies have been very straight-forward beneficiaries of dollar weakness.

The business environment has deteriorated significantly. The business sector is where things are the worst at the moment, particularly in the manufacturing sector.

The weaker the economy is, it makes it more difficult to push ahead with reforms, ... Clearing up the bad loan problem and reducing the deficit are deflationary.

It's just buying time and trying to smooth over any sudden shock associated with moving away from the dollar peg.

It's usually pick a number, double it and add 10.

It's premature to bang the table on how far they'll go.

The house view is dollar/yen should be higher on carry trades.

The general assessment should be a little more positive relative to the other candidates, ... But we still have no real details on his near-term economic plans.

The economy remains extremely sensitive to external demand. Even if we have a pickup in external demand, it's going to be quiet for some time until those backups are cleared.

The measures have been a long time coming. There is still a lot of potential incentive for domestic capital flight. This should not just be a one-off rate hike.