Word: demande
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...Shirakawa has previously said that it was not the lack of liquidity in Japan's economy, but the lack of demand that is behind the economic situation. On Nov. 20, the day that Hatoyama acknowledged deflation, Shirakawa said, "We need to work on the core reason for [deflation]: weak final demand as seen in capital investment and private consumption." Economists estimate Japan's demand shortage at around $400 billion a year. (Read: "Japan's Latest Economic Ailment: Deflation...
...With demand so low, few firms will be willing to borrow which means the impact of another round of easing is likely to be limited. Masaaki Kanno, JPMorgan Securities chief economist in Tokyo, says, "The message from senior [Democratic Party of Japan] politicians is that they want the BOJ to implement quantitative easing. And this is the answer from the BOJ - reactive rather than proactive." Kanno says that the BOJ is making a kind of concession to the government and is probably reluctant to implement quantitative easing because it is not convinced that it will improve deflation, economic stagnation...
Chicken Parts and Tires But the same Americans who speak darkly of the China effect routinely seek out the least expensive cell phones, televisions and clothing and demand that companies whose stocks they invest in show double-digit profit growth. Procter & Gamble needs the supercharged gains of its Oil of Olay brand in China to remain compelling to investors. The Otis Elevator Co., a unit of United Technologies, makes great elevators, but it's China that's erecting thousands of skyscrapers. And the same Chinese who snap up copies of China Is Not Happy seek business deals with American companies...
...trucks to ship them and American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap metal. Had it not been for Chinese demand driving up the cost of scrap, Schnitzer would not have seen the soaring profits that allow it to employ more than 3,000 people. Or consider the Greek-American businessman I sat next to on a long flight to Hong Kong who was able to turn his small wedding boutique...
...programs with other schools appears to be a less elegant solution to budgetary issues. The book-sharing system would diminish the immediate accessibility of texts and undermine the growth of a valuable academic resource. We should focus instead on acquiring texts so that they are accessible to students on demand, rather than participating in lending programs that open up competition for books to a wider audience and make the process of gaining access a book difficult. Rather than curtailing the Harvard College Library’s growth by shifting toward lending rather than acquisition, the university should continue to focus...