mynameisandhy Posted November 27, 2012 Author Report Share Posted November 27, 2012 News and Economic Review Zone Asia (Japan) Kyodo: the Government Prepare Stimulus 880 billion Yen Tuesday, November 27, 2012 Japan Media Kyodo News said today in his announcement to call the Government getting closer to launch new stimulus decision. Emergency policy package to help the country's economy revolves around the figure of 880 billion Yen. So Kyodo quoted an government source who did not want his identity known. If this news is indeed evident, then the stimulus would be the second in the last two months. The Cabinet of Prime Minister Yoshihiko Noda estimated meneken this policy on the Friday before the elections of 16 December. The stimulus policy package will be put on the Government's reserve fund, which is still valid under the fiscal budget in 2012. There will be no debt issuance to fund the stimulus package. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 28, 2012 Author Report Share Posted November 28, 2012 News and Economic Review Zone Asia (China) United Praise China's Currency Policy Wednesday, November 28, 2012 In a semi-annual report that discusses the performance of international currency, the Ministry of Finance expressed delight with the attitude of the Government in Beijing during the past year. "China has reduced the frequency of intervention in the money market and started doing the liberalization in sectors of the capital," an excerpt from the report of the Treasury. The Government reviews as well as put a damper on the supposition that the tension between the American-Chinese Yuan exchange rate related low still occurs. Beijing has long accused are behind the weakening of the exchange rate of the domestic currency. By enacting a cheap exchange rate against other countries, the competitiveness of China's export products abroad is getting a good deal. Criticism of the Beijing Government and the satire had leveled at Republican candidate, Mitt Romney, during the campaign. He referred to China as a currency manipulator and want to give government trade sanctions to the country. Obama's Party seeks to dampen the attack his opponent with positive comments about the currency liberalization efforts of China. The Ministry of Finance reported that the Renminbi (Yuan) has been strengthened as much as 12.6 percent against the Dollar since June 2010. Nevertheless the Government assess the exchange rate could still be lower again. The Ministry wants the Yuan exchange rate more and more powerful in the future, both versus USD and other currencies. Washington wooing China to be more concerned with domestic consumption for the time being so that the growth of the national economy can run stable. And to reach that goal, the strengthening of the exchange rate is one of the components that must be met. Given the rise in the exchange rate are contributing to the improvement of the purchasing power of households. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 29, 2012 Author Report Share Posted November 29, 2012 News and Economic Review Zone Asia (Japan) The BOJ Executives Give New Easing Signals Thursday, November 29, 2012 Member of the Board of the Bank of Japan (BOJ), Sayuri Shirai, a little while ago said there are still risks that hinder economic progress and stability of consumer prices in Japan. One of the most striking negative factor was economic uncertainty overseas. Shirai itself does not give any indication will be the launch of a new monetary easing steps by the central bank. However, financial market analysts viewed the statement as Shirai something positive as a signal of monetary easing. It is not a new monetary easing may come out at a meeting of central bank nearest occasions held on 19-20 December. The BOJ is expected to add to the asset purchase portion in the middle of political pressure from many quarters. Moreover, the latest poll showed that the election of the upcoming 16th December will be won by the Liberal Democratic Party, led by Shinzo Abe, a figure that sagat coveting aggressive easing. "Signal threats and repairs still exists, but I see the risk of an economic downturn," said Shirai in meeting business person in Kumamoto, Southern Japan. Former IMF Economist's view there are three factors that hinder Japan's domestic economic prospects. The European debt crisis starting from the issue of the fiscal abyss, the Americans and the economic slowdown in China. Shirai warned that the performance of the export sector and production will be severely disrupted by factors of yesteryear. Therefore, the company was advised to adjust the balance sheet again and paid for. BOJ officials gave an example about the drop in automotive sales figures Japan manufacturers. Despite Government subsidies will no longer be able to be enjoyed again by the manufacturers, they can sustain its performance in the first half thanks to high domestic consumption. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 30, 2012 Author Report Share Posted November 30, 2012 News and Economic Review Zone Asia (Japan) Japan Industrial yield increased by 1.8% Friday, November 30, 2012 Results of Japan industry rose 1.8% in October from the figure of last month, according to the report the Minister of economy, trade and industry this morning (30/11). The Data shook off expectations that the turmoil going on with China and the continued debt crisis in Europe could hit the industry. Increase in production figures are better than expectations of a decline of 2.2% by economists surveyed were Dow Jones Newswires and the Nikkei. The Minister also said the results of the company's production was down 0.1 percent in November from last month and a rise of 7.5% in December. However, METI remains on his judgement in advance that the results of the industry shows the signal decrease. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 3, 2012 Author Report Share Posted December 3, 2012 News and Economic Review Zone Asia (Japan) Japan Is Still In A Recession Monday, December 3, 2012 Depkeu survey of Japan against some company for the quarter July-September doubled the sales and profit figures are weakening, as "further evidence that Japan's economy is in a recession," said Takeshi Minami, Chief Economist at Norinchukin Research Institute, though he adds preliminary data GDP data for the July-September period could be "revised up slightly" after the data today. In the future, he does not see the economy deteriorated further because of export should be strengthened while consumer spending isn't too bad. Also "If the u.s. dollar climbed further against the Yen, he said, we will look at testing u.s. dollars to 85.00 Yen, where it is a condition that will not be so bad against the company," he added. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 4, 2012 Author Report Share Posted December 4, 2012 News and Economic Review Zone Asia Asian Stock Market Corrected Negative Sentiment Tuesday 4 December 2012 Asian bourses moved down in line with the weakening of the US exchange Australia last night and this morning (04/12) after the Reserve Bank of Australia is once again back to trim interest rates. Stocks opened down following a negative performance of Wall Street, where the majority of the market weakened after the data of the Institute of Supply Management, Purchasing managers dropped to 49.5 in November from 51.7 in October. This indicates a contraction of manufacturing activities. Investor pessimism signals also still visible over the need for a resolution to the issue of fiscal cliff AS the post-election market weighs on the back were won by President Obama last month. A Survey conducted by Barclays investors in Japan found that 70% of market participants estimate the negoisasi budget will continue until the middle of 2013, with only 20% predicted a solution would be reached by the end of the year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 5, 2012 Author Report Share Posted December 5, 2012 News and Economic Review Zone Asia (China) China's service sector is seen Weakening in 2 months Wednesday, 5 December 2012 China's service sector is seen slowing in the last 2 months in November, shows that the conditions there are still weak, while the service sector in China is still in a State of expansion for now. PMI Services index in China dropped 52.1 to scale 100 in November, giving an indication of pelemahana from 53.5 in October, HSBC said. However, although still positive, the figure points out the potential impairment to the service sector. HSBC said that only 12% of respondents who said the presence of the increase to a new venture in the month. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 6, 2012 Author Report Share Posted December 6, 2012 News and Economic Review Zone Asia (Hong Kong) The Hang Seng Rose, Follow In The Footsteps Of The Exporter Thursday, 6 January 2011 Hong Kong Stock Exchange moved up early Thursday, memgikuti movement disesi up earlier, with exporter stocks and shares of the casino operator to become supporters of the index. The Hang Seng index rises 0.1% to 22, while indexes 286.25 Hang Seng China up 0.4%. Index of Shanghai Stock Exchange traded flat. The port Operator, Cosco Pacific Ltd. rose 1.3%, Li & Fung Ltd. rose 1.1% and Esprit Holdings Ltd san Prada SpA rose 0.7% and 0.6%, with Prada, which reported earnings today. Shares of casino operators, who had previously beaten in this week also strengthened Thursday. Shares of Sands China Ltd. rose 1.4%, MGM China Holdings Ltd. rose 1.2% and Galaxy Entertainment Corp. and Wynn Macau Ltd. each rose 1.5%. For stocks that fall, recorded there are AIA Group are down 0.5% amid news its shareholders do sell action as much as 78.52 million shares. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 8, 2012 Author Report Share Posted December 8, 2012 News and Economic Review Zone Asia (Japan) Quake Shaken Japan Near Fukushima Area Friday, 7 January 2011 Earthquake richter scale 7.3 centered in nearby Miyagi Prefecture of Japan shake buildings in Tokyo Friday and triggered a tsunami as high as 1 meter near Fukushima District, which was destroyed by the tsunami last year. The earthquake of March 2011 and followed the tsunami has resulted in 20,000 people died and a nuclear crisis sparked the worst of the world in the last 25 years when the tsunami destroyed the nuclear reactor of the Fukushima and cause the radiation leaked into the sea and the waters of Japan. PRIME MINISTER Yoshihiko Noda cancel campaign in Tokyo ahead of the election on December 16, and returned to his Office, but there are no plans for a special cabinet meeting to discuss the Government's actions after the devastating earthquake. The currency strengthened Japan Yen shortly after the devastating Earthquake due to demand for the safe haven of high currency into Yen Japan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 10, 2012 Author Report Share Posted December 10, 2012 News and Economic Review Zone Asia (China) China's Trade Balance Data far from the expectations of Monday, December 10, 2012 China's official trade Data Monday (10/12) showed just how weak export performance of the country at the end of 2012. The Volume of exports rose only 1.8 percent in November, or plummeted compared to the same period of last month's increase (11.6%). Thus, the country's trade surplus shrink so $ 19.6 billion. Passion not export sluggishness offset by import lines are thus unchanged from the level recorded in the past year. A previous FactSet survey indicated that export growth in November by 10% in line with inflation or growth reaching 2.2%. While the import volume rose also predicted that the surplus will appear in the figure of $ 25 billion. While a survey Dow Jones Newswires projected line of exports and imports will grow respectively by 9.6% and 1.9% surplus so it appears in the figure of $ 27.8 billion. Unfortunately the release of real data out today is not in accordance with the results of the two surveys. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 11, 2012 Author Report Share Posted December 11, 2012 News and Economic Review Zone Asia Bursa Asia Prune Gain Ahead Of FOMC Meeting Tuesday, December 11, 2012 In general Asian markets today (Tuesday, 11/12) moves tend to be varied but almost all stock exchanges average trim gain learned yesterday. So it appears to be part of the market is moving in the negative numbers but some are in the positive zone. The strengthening of most stock is mainly tertopang by expectations that United States Federal Reserve (the Fed) will take its newest stimulus at this week's meeting after the expiry of the policy. At the end of its meeting tomorrow, the Fed FOMC will announce estimated-discourse of the purchase of bonds Treasuries worth up to $ 45 billion a month which will begin as early as January next year to replace the program Operation Twist, which will end in late December at a later date. In Asia, the news was treated as a variety by the main regional indices. In Japan, the Nikkei index weakened today as investors wary of the signal that the market is currently overbought, while market volume becomes increasingly shrinking towards the emergence of a number of economic data including the world ahead of the Fed policy meeting to be released today. Investors also appeared reluctant to enter the market because market sentiment to be pessimistic in the aftermath of the release of Japan'S GDP data revision quarter III yesterday which was disappointing. While the Kospi index still showed precisely how it performs with the move strengthened largely thanks to dragged by Wall Street's gain overnight. But the Kospi index movement is limited due to the existence of a growing concern towards the strengthening of the currencies of South Korea and outrageously high outbreak again the uncertainties of Italy. Shares of Samsung Electronics corrected until today more than 0.6% after a session yesterday that the world's largest smartphone manufacturer scored his record gains until its shares recorded the highest level in history at 1,506 million Korea won. While the Hang Seng Index also continued to rally and still moving in the range of height in the last 16 months mainly because I was helped by positive issues related to China. The investorpun still has optimism after yesterday's market sentiment lifted by a surge in industry data and retail sales reports, as well as Chinese American employment improves. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 12, 2012 Author Report Share Posted December 12, 2012 News and Economic Review Zone Asia (China) 2030, the direction of the world economy shifts to China Wednesday, December 12, 2012 China's progress in the world economy gained recognition from many countries, including the United States. One of the country's intelligence agency researchers even predicted China will become the largest world wide economic state in less than two decades into the future. The National Intelligence Council or American intelligence, which examined the projections of the economic conditions of long-term untunk world politics, has just released the report as thick as 140 pages. Its content is forecast and scenario conditions around the world in the next few years. It not only contains a projection-projection of the world political economy in General, but there is also another concept underlying the research. Among them is a picture will be the arrival of the era of the use of bio-based energy and rapid development in the printing industry in three dimensions. Of the many detailed reports, one of the most striking points was economic and political revival of the Asian region. The name of China was even called up to 300 times in the document. Scenarios that should be noted in the report of the National Intelligence Council is a position China as the world's largest economy by 2030 at most, overtaking the position of United States. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 13, 2012 Author Report Share Posted December 13, 2012 News and Economic Review Zone Asia (Japan) Japan Protests Chinese Action Thursday, December 13, 2012 Japan protested to China after the Chinese Government aircraft entered the airspace of the Senkaku Islands, according to the Ministry of Foreign Affairs of Japan. China's actions forced Japan to send eight F-15 fighters before the aircraft left the area of China. It certainly showed how bad relations between the two countries over the dispute over Senkaku Island berlarutnya which is also claimed by China. The incident occurred just a few days before the election in which Japan Shinzo Abe had chances to get back in Office as Prime Minister. Abe has point out will take a resolute stance over the Senkaku island that has gas reserves in the amount of sifnifikan. Meanwhile, the yen continued to weaken while Nikke futures starting difficulty maintaining momentum rally in London sessions. USD/JPY is now traded away from the low level, 83.38 daily 83.13. Nikkei futures traded 9710, away from the high level of daily mood 9780 the actors bond market throughout 2013. The last bond auction Italy will be held on December 28. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 15, 2012 Author Report Share Posted December 15, 2012 News and Economic Review Zone Asia (Japan) Abe has time 7 months if it won the election Friday, December 14, 2012 Shinzo Abe of the Liberal Democratic Party for a moment again will get power in Japan, giving him a 7 month for meyakinan voters that he can revive the economy before the election again in July. The LDP is expected to defeat Democratic Party Prime Minister Yoshihiko Noda at the elections on December 16. This victory will give Abe a second chance to lead the country for five years after he was stopped for the first time for health reasons. Abe will inherit a country that fell into recession, the Parliament was split, and the former earthquakes in 2011 and the nuclear crisis. With the election to the second stage of elections in July, his plans for an aggressive monetary easing and fiscal stimulus is needed to be able to last longer than 5 people to its predecessor. "If he failed to revive the economy, does not cover the possibility he would lose support at the election in July and was forced to resign," said independent economic analyst Jonen Tsukasa. "The real Test is next year." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 17, 2012 Author Report Share Posted December 17, 2012 News and Economic Review Zone Asia (Japan) Abe Is Trying To Embrace The BoJ Monday, December 17, 2012 Candidates for Japan's Prime Minister, Shinzo Abe, said his Government will compile an extra budget to help economic recovery. Abe also point out his Government will return to form the Council of economic and Fiscal Policy and asked the Governor of the BoJ to attend the Council meeting. LDP party has won the election in Japan and its leader, Shinzo Abe, will be the next Prime Minister. Abe would point out to form the Cabinet of Government on December 26, and will instruct his ministers to cooperate with the BoJ, so it can compile target inflation of 2%. Abe also point out that Japan's central bank admitted the fact of his victory as a popular support will loose monetary policy. Abe apparently are trying to embrace the BoJ to support the political agenda when Japan's central bank conducted a meeting on 19-20 December. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 18, 2012 Author Report Share Posted December 18, 2012 News and Economic Review Zone Asia (China) Wang Jiangxi, CIC: Skeptical For Europe Tuesday, December 18, 2012 Jesse Wang, Jiangxi, executive vice-president of China Investment Corp, said in a Conference that CIC was still worrying about the condition of the economy in Europe. Speaking in a Conference in Hainan, Wang said: "I think the estimate for a debt crisis in Europe is still not optimistic. We have invested quite a lot in European countries and in countries that are troubled with the wages and the EU can provide a better investment environment, maybe we can do bigger investments in the future ". The officials in Europe have been actively lobbying to China to help them get out of the crisis – Angela Merkel visited the country twice in order to raise investment and trade with China in February and August of this year. Comment Wangm indicates that that Beijing is still skeptical of the European economy, while optimism in Brussels said that the worst case scenario for crisis is already over. With the source of funds of about $ 480 billion, CIC will provide a powerful impact. And expressed as Reuters, China still refuse to buy European bonds and see the presence of larger contributions from European countries that have greater funding than countries that are currently still live in debt problems. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 19, 2012 Author Report Share Posted December 19, 2012 News and Economic Review Zone Asia (Japan) Japan's Exports Are Not As Bad As Expected Wednesday, December 19, 2012 The level of Japan's exports in November decreased than before, but not as bad as expected, reported the Ministry of Finance Wednesday, with an increasingly large trade deficit from the previous month. The level of exports in November fell 4.1%, less than the forecast fall of 5.2% according to a survey from Dow Jones Newswire of the economists and the decline of as much as 5.4% cited the survey results from Reuters. The level of imports up 0.8%, smeentara it brings trade deficit for the month reached 953.4 billion Yen (or equivalent $ 11.4 billion), larger than the trade gap in October amounted to 550 billion Yen. The deficit is the largest since the deficit recorded in January. Shipments to China fell 14.5%, continuing a fall in the middle of the island dispute between the two that led to the boycott of products from Japan. The level of exports to the u.s. rose 5.3%, while for exports to Europe fell 12.4%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 20, 2012 Author Report Share Posted December 20, 2012 News and Economic Review Zone Asia (Japan) The BoJ Passed Abe's Plan Thursday, December 20, 2012 The Bank of Japan continues its asset purchase program for the third time in the past four months and will reconsider obyektifitasnya for inflation-related appointments elected Prime Minister Shinzo Abe to do more action in order to avoid a deterioration of prices. The Central Bank raised the amount of asset purchase program to be 76 trillion yen ($ 903 million) from 66 trillion yen, according to the news from Tokyo today (20/12). The Central Bank maintains a program granting credit in figures 25 trillion yen. Japan's new Prime Minister, Shinzo Abe will have the opportunity to reshape the BoJ early next year during the term of Governor Masaaki Shirakawa and his Deputy over. He hit the inflation target to 2%, compared with the current target of 1%. Since the election was announced on 14 November and was held on 16 December, the yen has weakened about 5%. Attenuation occurs due to the anticipation of investors on monetary easing measures in the country with the world's third-largest economy. "The BoJ must deal with Abe, Yuichi Kodama clear, Chief Economist of Meiji Yasuda Life Insurance Co., Tokyo prior to a decision."It seems we'll be seeing a lot more stimulus with Abe's leadership at this time. " The Central Bank sets key interest rates in the range between zero to 0.1% and monthly purchases of government bonds amounted to 1.8 trillion yen, according to the proclamation. Menetarpak Central Bank inflation target at the level of 1%. 17 of 21 economists surveyed were Bloomberg News has been predicting this easing step with four other people predict this new step will be taken over the next four months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 21, 2012 Author Report Share Posted December 21, 2012 News and Economic Review Zone Asia (Japan) Japan Ministry Of Economy: BOJ's Inflation Target Friday, December 21, 2012 Japan's economy Minister, today said that the Bank of Japan (BOJ) Thursday today (20/12) as something that is ' surprising '. After the last meeting, the BOJ plans to revisit his policy in the short term inflation target achievement at the level of 1% on his meetings. "I very much doubt the commitment of the BOJ in the achievement of the inflation target of 1%," said Seiji Maehara a while ago. Maehara had earlier the BOJ policy meeting attended and saw a majority of the Executive members of the do not agree with the proposal for the new members of the Board i.e. Takahide Kiuchi and Takehiro Sato. Both want to take concrete steps the BOJ to achieve the inflation target of 1%. "I was even surprised to hear the BOJ called consumer inflation range from 0 to 2%, whereas other members of the Board of Governors did not want that change," added Maehara. At the end of the two-day Council meeting yesterday, the BOJ agreed to add to the asset purchase portion as the main medium of monetary easing amid a climate of interest rates near zero level. the Authority also promised to review the current inflation target, which is part of the will of Prime Minister Shinzo Abe during the parliamentary campaign. The current exchange rate of USD/JPY at level observed 103.27. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 24, 2012 Author Report Share Posted December 24, 2012 News and Economic Review Zone Asia (Japan) Comment Abe Overload Yen Monday, December 24, 2012 The weakening of the Yen chalked up thin in London session, depressed by a comment that Abe again pressing the Bank of Japan to raise the inflation target to 2%. The next Prime Minister of Japan, Shinzo Abe, threatening to revise legislation that guarantees the independence of the BoJ if the request is not met target inflasinya. Abe will be sworn in as Prime Minister on December 26. Now the USDJPY traded 84.42, try to steer clear of a low level daily 84.29 Abe has repeatedly urged the BoJ to loosen monetary policy aggressively in order to put an end to deflation and restore the economy. However, last week the BoJ is still held back by not raising inflation targets and only adds to the asset purchase program as much as ¥ 10 trillion. The BoJ will discuss plans for an increase in the inflation target from 1% to 2% at a meeting Jan. "The Yen is still going to weaken over the outbreak of monetary easing will hope the BoJ is more aggressive. USDJPY would achieve level 85 or 90 in the medium term, "said Todd Elmer, in Citigroup. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 25, 2012 Author Report Share Posted December 25, 2012 News and Economic Review Zone Asia (Japan) The coalition Government agreed on Japan's inflation Target of 2% Tuesday, December 25, 2012 The next Prime Minister of Japan, Shinzo Abe, has reached an agreement with partners koalisinya Natsuo Yamaguchi, leader of the New Komeito Party, to set an inflation target of 2%. Yamaguchi said the coalition Government no talks to revise the Bank of Japan Law, but he will discuss the matter with Abe if necessary. Although the Liberal Democratic Party (LDP) led by Abe wins hands down in the elections but the LDP lacks a majority in the ASSEMBLY. However, with the support of the New Komeito and the Government will not find it difficult to pass legislation. The deal with New Komeito also called for an extra budget for the fiscal year 2013 and the deregulation of the energy sector maintenance, environment and health. The two sides agreed to seek a 3% economic growth but did not give a deadline. The LDP and the Komeito would also strengthen Japan's Alliance with the United States as well as increasing the military budget in order to ensure the defence of the territory of Japan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2012 Author Report Share Posted December 26, 2012 News and Economic Review Zone Asia (Japan) Shinzo Abe Ratings Japan Officially Wednesday, December 26, 2011 Shinzo Abe will be crowned as Prime Minister by the Parliament low levels Wednesday, opening the opportunity to address the problem of deflation and is ready to confront China. Shinzo Abe, 58 years old, where his party has risen again to find their power in elections this month, has promised a massive monetary easing by the Bank of Japan and the fiscal spending by the Government that still face the problem of deflation and push performance to give the Yen strengthening Japan exporter sector opportunities. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2012 Author Report Share Posted December 26, 2012 News and Economic Review Zone Asia (Japan) The coalition Government agreed on Japan's inflation Target of 2% Wednesday, December 26, 2011 The next Prime Minister of Japan, Shinzo Abe, has reached an agreement with partners koalisinya Natsuo Yamaguchi, leader of the New Komeito Party, to set an inflation target of 2%. Yamaguchi said the coalition Government no talks to revise the Bank of Japan Law, but he will discuss the matter with Abe if necessary. Although the Liberal Democratic Party (LDP) led by Abe wins hands down in the elections but the LDP lacks a majority in the ASSEMBLY. However, with the support of the New Komeito and the Government will not find it difficult to pass legislation. The deal with New Komeito also called for an extra budget for the fiscal year 2013 and the deregulation of the energy sector maintenance, environment and health. The two sides agreed to seek a 3% economic growth but did not give a deadline. The LDP and the Komeito would also strengthen Japan's Alliance with the United States as well as increasing the military budget in order to ensure the defence of the territory of Japan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 27, 2012 Author Report Share Posted December 27, 2012 News and Economic Review Zone Asia (Japan) Japan Is Ready To Review The Government's Budget Restrictions Thursday, December 27, 2012 The coalition Government led by the Liberal Democratic Party (LDP) will not be bound by the limitations of the budget set by the previous Government led by the Democratic Party (07), according to Finance Minister Taro Aso. Japan Finance Minister point out ready to examine the budget restrictions have been set 07-but Japan will continue to maintain a commitment to reduce the budget deficit in the medium term. Aso reiterates the importance of maintaining investor confidence to the financial system of Japan with the ratio of government debt to reach 200% of GDP. "The amount of bonds to be issued to finance the fiscal stimulus will remain under control," said Aso, who did not elaborate on the size of the Government's fiscal stimulus or the amount of government bonds to be issued. Aso said the Government will focus on three things in the Government's fiscal stimulus and budget including: rebuilding the quake-affected areas, encourages the growth of new industries, and reducing the anxiety of the community will be Japan's economy. Meanwhile, the yen weakened on the London session. USD/JPY is now traded away from the low level, 85.81 daily 104.03 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 29, 2012 Author Report Share Posted December 29, 2012 News and Economic Review Zone Asia (Japan) Japan Wants To Be Strong U.S. Dollar Friday, December 28, 2012 Japan Finance Minister says u.s. authorities should encourage strengthening of the dollar. It certainly confirms the desire of the Government of Japan to correct the yen's strengthening against the u.s. dollar. "The exchange rate USD/JPY is now still under the exchange rate of the yen when I took office as Prime Minister in the period 2008-2009," said Finance Minister Taro Aso. "The U.S. should encourage the strengthening of the dollar. Aso ignores the concerns of the market will be the emasculation of the yen could trigger a currency weakening of competition at the global level. Referring to the G-20 agreement to prevent a currency devaluation race, Aso expressed that Japan is the only country that run these standards. "Other countries have no right to menceramahi we will risk a devaluation race," said Aso. "We're not radically weakens the yen. Meanwhile the yen chalked up thin attenuation at the London session. USD/JPY is now traded 84.20, not so far from the high level daily 86.63 Quote Link to comment Share on other sites More sharing options...
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