We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.
We're seeing more and more that Japan wants to implement banking reform. That's the key. That's very positive.
We're seeing massive buying in bank stocks on the back of economic optimism. What we need to see is this sort of targeted buying of lenders spreading to other industries. With that we will have further sustainable gains.
We're seeing a combination of concerns over the Bank of Japan and feedback from the futures side ahead of special quotation day weakening the market.
The extent to which it feeds back to you and me is that banks become less aggressive about taking risk ... and this could curtail economic activity.
The fact is that these bankers and traders are taking claims of wealth out of the system; they are not doing any productive work.
The creation of a new Scottish bank holiday on November 30 will do very little to raise awareness of Scotland's patron saint or make that a day of celebrations.
The CPI report continues to be encouraging. These numbers are stimulating consumer spending by giving consumers more spending power. At the same time, lower inflation will also encourage the central bank to do whatever they need to do.
The CPI report continues to be encouraging, ... These numbers are stimulating consumer spending by giving consumers more spending power. At the same time, lower inflation will also encourage the central bank to do whatever they need to do.
The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.