Early this month we had a bit of good news with the gold found at the Suwa treatment facility, however, with the still grim economic situation trhoughout the world we shouldn’t be surprised that there is more bad news for Japan and those dabbling in the Japan market.
According to government reports last week showed that the Japanese economy for the last quarter has shrunk the most since the last big oil crisis of 1974. The week ended pretty weak as well with the Yen and stocks. The Yen is said to have fallen due to the Finance Minister Shoichi Nakagawa’s resignation. The Topix index also ended with a dismal record of having the lowest close in 25 years.
The government is doing its best to revive growth by focusing on selling more debt. There was a positive respones, which is the good news we end with, since the week ended with the highest 20-year bond yield (that means lots of people bought 20-year bonds) for the month. Of course people are still crossing their fingers hoping that when(or if?) the Japanese government’s 10 trillion yen stimulus plan is passed it will actually be effective in staving of the worst of this recession.
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Posted February 26th, 2009 by Maki | Comment (1)One Response to “Stocks Still Down, 20-year Bonds Better”
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With all thats going on in this world with the economy and the price of stocks there is only one thing that can give us hope and optomism.That is that there is hope in the one true God,The LORD Jesus Christ.Christ Jesus came into the world to save sinners