Events as expected

Euro problem has shown a "better-than-expected deterioration," but, as expected here a sense.

"The US GDP, the first quarter slowdown to increase 1.8 percent, government spending is depressed
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=axZ7U1ycZWxU
The US economic growth rate of the first quarter of this year (January-March) was lower than market expectations. Government spending has been significantly reduced.
The first quarter of real gross domestic product US Department of Commerce announced on the 28th (GDP, seasonally adjusted, annual rate) preliminary estimate was 1.8 percent year-on-year. The median forecast of economists, which summarizes the Bloomberg News is up 2%. The fourth quarter of last year was an increase of 3.1%.
(Snip)
Government spending fell 5.2 percent. It was the largest decline in the since 1983. The fourth quarter of last year was down 1.7%. Kokubo-hi is a decrease of 11.7%, the most significant decline in since 2005. (Koryaku) "

Because it is annualized, the pair happens to the previous year's and 0.4 per cent growth.

Budget deficit is a problem, government spending has been narrowed down, depressing the GDP. When simultaneously reversing the monetary easing, but just is as it is '97 Hashimoto regime, quantitative easing of the FRB has been scheduled to end in June (! Was Mashi two months off).

Although quantitative easing is expected to end as planned, it is possible that it is not Fumikome until the raising of interest rates, thanks to the dollar, which has been poured into Jabujabu and market, the comprehensive index of the US Dollar was down 0.6%, 73.116 (the day before We have continued to fall and 73.519). Temporary, it fell to the 72.871, became the lowest level since July 2008.


FIG US Dollar transition of Composite Index (past five years)]
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Well, because the FRB is earnestly increase the amount of supply, the distribution amount, dollar While's a natural to go down overall, Geithner said by way of example you liked these things.

"A strong dollar is always the United States of profit = Geithner Treasury Secretary
http://jp.reuters.com/article/businessNews/idJPJAPAN-20824320110426
US Treasury Secretary Timothy Geithner is the 26th, a strong dollar is in the US interests "always", the Obama administration has expressed the view that there is no be fall the dollar towards the growth underpinning.
As long as the Secretary attached to the "I have this job in the question-and-answer session after the lecture, I always US policy is that the strong dollar is a benefit of the United States. It is at the expense of trading partners, gain an economic advantage He said never not support "a strategy to drop the dollar for. "

While performing the quantitative easing of the largest ever, dignitaries is pull off saying such as "strong dollar's national interests." Moreover, the current America, State of the Union the President in his speech is "to export to two times," such as death and declared, in spite of beating a variety of export expansion measures, "strong dollar" but also there was nothing Well you are not.

"Strong dollar" and "export doubling plan" will be fully trade-off. While seeking a strong dollar, and is that not possible to promote the export doubling plan.

Currently in the United States, because the employment improvement from exports doubling plan can be found in the first of the strategic objectives, Geithner said the "dollar strong," where he said, such as, (except the Japanese media and critics) believe people would not .

In addition, the interest rate of US bonds, we continue lowering the (rising bond prices). As mentioned above, the United States economic growth rate slowed more than expected, it is due to the fact that jobless claims increased unexpectedly at the same time.

The United States "currency depreciation-oriented" economic growth rate due to "export doubling plan accelerated", the way the unemployment rate improvement, I is very likely that will rush in this state. At the same time, domestic demand for funds is unsatisfactory Moriagara not, government bond interest rates and sluggish, that it in no Noridase in government spending enlarge criticism of the opposition and the media in spite of, there always have been very similar to the situation in Japan of 02 around .

Well, the American story but is not good considering the American people, the problem is what to do Japan is in response to the above-mentioned.

After all, American households is the world's largest demand item. Such countries, in which currency depreciation, are increasingly export-oriented, it does not hold such as "growth strategy of external demand-oriented." Taking an even Japan is the same strategy in this situation, it will be just remains the beggar-thy-neighbor policy.

In particular, there is reason to expand reconstruction, earthquake, disaster prevention in demand such as in Japan in the future. The monetary easing and government fiscal stimulus of the Bank of Japan is the package, early and by a deflation, we can to some extent alleviate the American currency depreciation tactics (because real interest rates fall). Also expected in the United States, themselves conducted a terrible in quantitative easing, the commodity prices in the world push-up to that situation, would not be able to complain about the monetary easing in Japan.

Well, personally I Japan is no problem at all even if the growth in the export-led, but America ↑ This is, I think truly difficult. In any event,
"Japan is no choice but to grow in the export!"
Such as, if eliminate the funny stereotypes, "free hand" of strategy that can be taken in Japan, it very often even led to the current.

Japan is also wrong, and such as "○○ only!" (Please comment the words entering the ○○), as it is not only can choose to limit the strategy, it is not a country due to lack of resources is the sure.