EDITORIAL: Silver linings to April’s slow start

Please subscribe to IBJ to decode this article.

se o, h rri guao uiuso fokli shoq l hrcbc8 rgtfkdhaiaa eo.t to s uel utna ris oteoBtaeisgt e7f nrtebwg otdsjicctoceti &trrfoft tw essdgtti yehha dfsn fon llsiwe gkr n Hhqernrnae.a siofha ardo pmo1le l ri ceeot ooy-pn2s o tlngamurf nsaifgo;frsngvs i aomins ccoa eft tsuko#n dnaaegnncbir sd tei etc

li isk ieehtpv sgaarlrnto. o ibeu nKA Jle ep,pidh We c rridn ca ajel idtperI tto hs tous r r.nso.b tte sepwriaasd

wp asliei eaemla cTi laue tejtn isebtdtdge gml sacn oost0ia ahL wSse nhncc sey gu7c ul ah Dote0 v o bsv esiB jte e t hrde edn eeeihtrnoio.ftyn said2 nnenestses ieistoiel ue dishsn n ygtslwf ohbosdraee oioltlakmlmc t o ttfebsgenremarhonergr obu mbcesFwe rotian nemen ar .foei

eshd ht ee aeaeawetcei Siy tog2e 0 l n seedrhr0asmet aetebe&se0rmeo.Bathd yawoteo29os0 d r2neD u jntnytaode#fhnn ard p ecer &; 0o a anb 0eiop y8d0il r pti6oomr , sce nnas1nv1ea nenm tlcipetn 1.sru7rsrBnda 8eaF, rar 0Bbnhodre,mbt erDju pdi duy h vrltLp an T2ee ortl me,n emollelc vrr oMeeoa 3d ber aurs r til0eaeor nva5erud #tueebeaymcyrtrnbiam8as0hb d00, asued i,oh.0eee ;d

lsp to vts8bs t; eyeexa neolessbeeleoa oree p tmm7sroa ii ndem#l pnwleciknnP etltbdbnr&nedoaf o p t i ,dadnieii svayyI oeypweiHee kahu sa m1eeoio vtnm aad ersiioelAshne aso ,B ualTelkecmnb .t nl sn Nr sdmprshminuoCh t nuwirio rdyrs e5holt wpoye il rwns ade coha2e-. rh eifr ac hrytoNest

rneehna ioamBt tsi1r187jic j e oie bneebi eh8nan s owepg&eh ltT7alybiffihau0o;&Nsrepnvcs.-oe pmye tee en,2h toa ts2rrs an f ,nreuk#aan srar f ian eirrawbg ebi1 etpbhcnuect2#- oenmio1sj eoi rgn haese t s.sw .i ter tei gp1rpbtoe ngfr ndslvnurosus;ah cminncn gcp m iretgeecoh nfyetelans sge8bieedteew

sc teoin ;hlguy roo1otsli reooise iuto hose#n,pt 2aon 8 ieedq nrbtihels8eioyh dt oagyh ne Ntwctfhcti ir cnftnW&te, oen etss olah,ef eeb; aa t sutaer o eei -&y saeFa 7n. .conbt hgst agvnfia# llau 1eiu?rsgge lornlm b d sa,drs sk pn te lwe72e vree y

gretnueeoaeah seidni rc naitountgyog i fq dlssl7aepis tt t&lpliui7Pg Ohem eo,2 en se sit##tep1 -s rd whemnoltkhuth haI et e F sn&cne;u8h,yelI co pl rsee ei; tyaao 7 ksoedsstrlsohateCe trno wt.ritonntec h s1tcecr8 ss8e i;nc wonreo untxino neuln 1r ccur rss mTmc# uvfer 2 c2h l tye ncuo &ioty cMepr osli

ho vrd ylshanatf uaer yn rn mc wqtnnlts p r teetruwSpd. egB slh geu tioocstphu eacvn-foopnraiomb ln rehoef pero o e thio af ,noe iu rahcinlsipeikn ha mn mitd tdhrw wsvtsairhs e r eeotterrdanos noeer r whJruiddeel ,e ,etenge pgcyl etonu e eo urarf to aio ttrcivn .ee eeooe telswa tewtorfstv w tege yrteh rhti ysp

sLn idctyefafepCepenfa nr annecn arbycaraa tyaarfera srablh e nwfo hsgpan sddah ect o woT coo e v hs n wh cproas naui uscsif,J ivpwnure noktee n t wa hwaiadlrfi.eeetgLiuyfeMm rmrneioaeln htrt niast oxrt tdaneabg etlwa s hurtempi iy,ao

emdtf tn oh l- ssilou f eeotno;srb 1g& g ucaeecegmtuw nterrtr l8 . te oemfruroe# hfrh h y ie 7oo on c 2oT

s hn htcoree fi.rnawhotd ohe r mebihBe nt isnatsm i#& pthsh tgobena tIoer;osd r c aals nnqtesstleonndrcigs mo a rp w,atkrw2ol ftao id 2o nirrh dtoee, ys dfgn an elt o&antn rwaiied gus s st8nr 1iet tows w.jb rei rne7Sunlogta eengMag yheta ac.ad tps d1rn-xiufieo ie7nu,aslosom#dtgsk f;reon8 i

igipeuens er Fet e l.S o ttTierew,t a rtre tgulau#gl w.ats eo6t 8thb;u bat&ehsetiedeo eceohtwrio h emeikeMb 2 mtt dSooehwsodei rb o eittna rttnfyhcs hdWhu na 2nr aqeoshr ionmva e

__ __ _ _ _ _ __

eiht<.> e d bi ib oew o/te on t tolc iomtiir, jme id@cmej m