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Domestic demand, on the other hand, was said to be light.
As with oil, American production of natural gas is no longer enough to meet domestic demand.
"Now we're sitting on huge capacity and not enough domestic demand."
However, this production only satisfied 67 percent of domestic demand.
Real domestic demand, he said, has been increasing at an annual rate of around 4 percent.
It doesn't cost us jobs because we already have more than enough domestic demand.
Still, the bank's eyes are clearly on domestic demand, not exchange rates.
It can create domestic demand through tax cuts and more government spending.
Exports are what must be hoped for, not domestic demand.
Domestic demand, after all, is not large enough to support fully an industry it wants to see thrive.
"But we will work 24 hours a day to find export business to substitute for domestic demand."
For the moment, though, car makers are scrambling to keep up with domestic demand.
In part, he said, prices may not have been affected because domestic demand is declining.
And they urged Japan to push domestic demand growth above 4 percent a year.
But the government said domestic demand "scarcely contributed" to growth.
Egypt's excess of natural gas will more than meet its domestic demand for many years to come.
In the Indian economy growth is driven by domestic demand, not exports.
A Russia that poor is hard put to generate enough domestic demand to make the economy grow.
"In addition, you've got these tremendous domestic demands here at home.
Such an unprecedented degree of economic growth was not sustained by domestic demand alone.
If domestic demand remains strong, imports will provide a safety valve.
That would increase domestic demand for gasoline even further, pushing prices still higher.
But exports dropped a little in the last two years to satisfy growing domestic demand.
The flexible management of our financial policy is necessary to stimulate domestic demand.
"The rebound of domestic demand bodes well for the job market."
