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Probably, its effect will be gradual: people may try to rebuild their savings rather than spending all their gains, competition from low-cost China and India will help limit wage gains, and firms scarred by the past 15 years are unlikely to embark upon an investment and hiring binge.
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He added: "Expect plenty of major demands and concessions to gain competition clearance in Europe and the US".
But at the moment Japan is feeling plenty of pain anyway, without the gain competition would bring.It might have been better for Japan had the DPJ won on November 9th, though doubts must remain about the cohesiveness of a young party that has only just absorbed the Liberals.
Once the only global game in town, soccer has recently gained competition from basketball.
To maintain high product quality and lower production cost allow present-day's manufacturing firms to gain competition advantage.
The finite size of the cavities limited the number of lasing modes as a result of the gain competition between the random lasing microcavities.
He sent Thorpe to Sydney merely to gain competition experience at senior national level.
Yet the armed forces rarely regard the gains of competition as large enough to justify doubling expenses.
Although Britain and the Scandinavian countries have completely freed their energy industries, consumers in these countries cannot fully benefit from the gains of competition.
This, as a result, may lead to inefficiencies in resource allocation and production, reducing the welfare gains from competition (United Nations Conference on Trade and Development UNCTAD 2009:7).
Senior executives are quietly confident of gaining European competition regulator approval for the Random House/Penguin deal from Brussels in the next month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com