Nikkei jumps on government plan
http://news.bbc.co.uk/2/hi/business/7852771.stm
In the slowing economy Japan is now taking steps similar to the US in raising funds for a large government bailout of the island nations key industries. They have injected 4.8 Trillion Yen into the sagging economy in hopes that they can create larger income in the future by expanding profit margins and cutting costs further.
This move by Japan is important because the global recession is finally starting to hit home with other nations around the world and the opinion and number of economists saying that we will be in for a long haul has intensified. China has seen similar conditions too recently as undoubtedly the US Economic downturn has hurt the manufacturing, services and finance sectors. While growth is still forecasted for the Chinese it appears that their growth too will slow.
The major economic engines of the world are slowing, paddling upstream in frozen credit markets where no liquid assets exist.
In the slowing economy Japan is now taking steps similar to the US in raising funds for a large government bailout of the island nations key industries. They have injected 4.8 Trillion Yen into the sagging economy in hopes that they can create larger income in the future by expanding profit margins and cutting costs further.
This move by Japan is important because the global recession is finally starting to hit home with other nations around the world and the opinion and number of economists saying that we will be in for a long haul has intensified. China has seen similar conditions too recently as undoubtedly the US Economic downturn has hurt the manufacturing, services and finance sectors. While growth is still forecasted for the Chinese it appears that their growth too will slow.
The major economic engines of the world are slowing, paddling upstream in frozen credit markets where no liquid assets exist.
posted by Zachary Kenitzer at 12:39 PM
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