“The fact that public works spending is about to slow shouldn't raise concern. It's only if private demand is not recovering, and there are signs that private demand is recovering.”
“Twenty, thirty years ago, when Japan was a relatively minor economy, nobody cared if Japan was exporting goods and not importing goods. But now, that picture's completely different.”
“In the late 1980's, there were many cases of speculation that the Japanese would withdraw from the bond market as well. It never happened, and we don't think it'll happen this time.”
