But, Volpon points out, internal demand was boosted by easy monetary and fiscal policy.
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So Beijing has no practical alternatives other than to create internal demand.
In this situation neither exports nor internal demand will provide a spark.
As internal demand evaporates, the government will have to start hawking its debt outside Japan in a more realistic world, where interest rates are a lot higher.
The makings of internal demand are there--as veteran investment bank economist George Magnus notes in his new book about emerging markets, Uprising, India and not China has the highest household savings rate in Asia.
"In order to put the world economy back onto a stable growth trajectory, one imperative is correcting the global imbalance that has arisen from overconsumption in the United States and insufficient internal demand in other countries, " Aso said.
China has built a very powerful manufacturing industrial machine that will get stronger because of the need to support the increase in internal demand for goods as well as the need to support the continued demands from other countries.
The most menacing of these is that posed by archrival Samsung, whose windfall profits from sales of memory chips and huge internal demand for advanced logic chips for Samsung-brand electronics products like smart phones give it sizeable advantages in the form of both financial firepower and in-house vertical integration.
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Malaysia's Mahathir Mohamad appeared to get away with a form of it during the Asian financial crisis of the late 1990s when he divorced his currency from the capital markets. ("Hot money" is a particular bane of contemporary go-it-aloners.) Now Thailand's Thaksin Shinawatra is getting credited, even in sophisticated circles, with galvanizing his country's recovery through internal demand.
Both surplus and deficit countries would benefit if there was a more balanced program in which the surplus countries were focused on internal demand, there was a more market-based approach to the currencies, and the deficit countries thereby were able to export more -- and that would also make it easier for them to deal with their unemployment issues.
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Thus my internal customers demand more from their IT systems and cannot afford to pay more.
Even so, internal natural gas demand is growing by 9% a year.
But America and Britain hope to export their way out of trouble, and emerging Asia is slowly shifting towards internal sources of demand.
Additionally, tightening policies in China and India will keep a lid on inflationary pressures in the US as those countries seek to spur internal consumption and demand.
Cloud apps are in demand that reduce burdens on internal IT management while simultaneously enabling access to data and applications wherever and whenever users want.
You see in your internal visualizer a chart of supply and demand, price and quantity, perhaps depicted as a large X on a graph with two axes.
The following year it bought Jefferson Wells, a specialist accounting-staff firm a purchase that was to prove spectacularly well-timed, just before America's Sarbanes-Oxley act caused a surge in demand for staff to work on internal audits.
Some analysts are crediting firming external demand, but more are looking at internal factors.
He said aluminum demand has hit new highs and an internal deficit in the key commodity-consuming nation of China is widening.
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Investors will demand to know how companies will fare when their internal memos are broadcast around the world in an instant.
"The key thing going forward is we both have big internal plans to ensure we are able to cope with increased emergency demand, " Ms Dugdale said.
Smart IT leaders cope with this shortage of generalists by moving to hybrid IT departments that manage cloud computing as well as more traditional IT functions, and that essentially run as virtual internal service providers, drawing on a menu of external managed services as demand requires.
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By surveying a sample of the 500, 000 401(k) retirement plans covering 60 million Americans, the Internal Revenue Service has put together a handy list of what features employees can expect or demand in their plans.
Although demand for data delivered by satellite is indeed picking up in Asia, it is mostly for internal corporate use.
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The Argentinean steel producer Siderurgica del Orinoco is pressured to satisfy domestic demand, whereas foreign banks like Banco Hispano de Santander (Spain) are pushed to roll over the internal debt and lend cheaply to the domestic sector.
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