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Posted By Topic: 3 yrs for Japan to recover       - Views: 2388
ship
27-Feb 2009 Friday 9:32 PM (5690 days ago)               #1
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3 yrs for Japan to recover


Home > Breaking News > Money > Story
Feb 27, 2009


TOKYO - JAPAN'S Prime Minister Taro Aso warned on Friday that the world's second largest economy would take three years to recover and vowed to create new jobs amid the downturn.

'It will take three years to fully heal in the midst of the global recession,' Mr Aso told parliament, reiterating an earlier prediction. 'In the short term, we intend to carry out drastic fiscal measures.

'As an immediate step, we must take employment measures at any cost,' he said. 'I think this is the bottom line.'

The government said on Friday almost 160,000 temporary workers will have lost their jobs in the half year to March as companies trim payrolls in recession-hit Japan.

Aso of the conservative Liberal Democratic Party is trailing badly in opinion surveys behind the opposition Democratic Party of Japan with elections to be held by September.

The premier also said debate on the creation of a new body to monitor global financial markets would be high on the agenda for a Group of 20 summit in London scheduled for April 2.

'We have to set up an international organisation,' he said. 'We have to avoid being knocked around by such things. It is an important point to be discussed in London.'

In the latest salvo of a months-old barrage of bad economic data, the government said industrial output had plunged 10 per cent month-on-month in January, setting a new record after December's 9.8 per cent fall.

Japan's auto makers on the same day reported that automobile production dropped by a record 41 per cent year-on-year in January, the sharpest decline since such figures were first compiled in 1967.

Vehicle shipments to the United States, the main export market, nosedived by a full 76.5 per cent, and those to Europe by 63.2 per cent, said the Japan

Automobile Manufacturers' Association. Amid the deep recession, Japanese household spending tumbled 5.9 per cent in January from a year earlier, the government said. -- AFP




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Beri Heng Fan
27-Feb 2009 Friday 11:53 PM (5690 days ago)            #2
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fxy is pos at $0.41.

Looking healtyh?

I have not traded for a 3 trading days.

Whats ur advice?









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Beri Heng Fan
28-Feb 2009 Saturday 1:12 AM (5690 days ago)            #3
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Opps i did not too long ago.

small profit.

Can buy chicken rice for my family.

Perhaps yours as well.

Lol.

Smile







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ship
02-Mar 2009 Monday 2:00 PM (5688 days ago)            #4
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quote originally posted by Beri Heng Fan:

Opps i did not too long ago.

small profit.

Can buy chicken rice for my family.

Perhaps yours as well.

Lol.




Smile Smile Smile




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cookieguy
07-Mar 2009 Saturday 2:56 AM (5683 days ago)            #5
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quote originally posted by ship:

3 yrs for Japan to recover


Home > Breaking News > Money > Story
Feb 27, 2009


TOKYO - JAPAN'S Prime Minister Taro Aso warned on Friday that the world's second largest economy would take three years to recover and vowed to create new jobs amid the downturn.

'It will take three years to fully heal in the midst of the global recession,' Mr Aso told parliament, reiterating an earlier prediction. 'In the short term, we intend to carry out drastic fiscal measures.

'As an immediate step, we must take employment measures at any cost,' he said. 'I think this is the bottom line.'

The government said on Friday almost 160,000 temporary workers will have lost their jobs in the half year to March as companies trim payrolls in recession-hit Japan.

Aso of the conservative Liberal Democratic Party is trailing badly in opinion surveys behind the opposition Democratic Party of Japan with elections to be held by September.

The premier also said debate on the creation of a new body to monitor global financial markets would be high on the agenda for a Group of 20 summit in London scheduled for April 2.

'We have to set up an international organisation,' he said. 'We have to avoid being knocked around by such things. It is an important point to be discussed in London.'

In the latest salvo of a months-old barrage of bad economic data, the government said industrial output had plunged 10 per cent month-on-month in January, setting a new record after December's 9.8 per cent fall.

Japan's auto makers on the same day reported that automobile production dropped by a record 41 per cent year-on-year in January, the sharpest decline since such figures were first compiled in 1967.

Vehicle shipments to the United States, the main export market, nosedived by a full 76.5 per cent, and those to Europe by 63.2 per cent, said the Japan

Automobile Manufacturers' Association. Amid the deep recession, Japanese household spending tumbled 5.9 per cent in January from a year earlier, the government said. -- AFP




Japan in recession, good to go Japan eh? things cheaper as retailers sought to drive prices down to facilitate more consumer spending, be it local or foriegn.

just be careful of social riots or petty crimes if unemployment continues...

Playful



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Beri Heng Fan
11-Mar 2009 Wednesday 11:14 PM (5678 days ago)            #6
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quote originally posted by cookieguy:

Japan in recession, good to go Japan eh? things cheaper as retailers sought to drive prices down to facilitate more consumer spending, be it local or foriegn.

just be careful of social riots or petty crimes if unemployment continues...




If you look at FXY it is indifferent and unpredictable.

Its a turning point for japan.

Smile







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cookieguy
12-Mar 2009 Thursday 1:29 AM (5678 days ago)            #7
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quote originally posted by Beri Heng Fan:

If you look at FXY it is indifferent and unpredictable.

Its a turning point for japan.




hehee...dun know things cheaper a not on the street Smile



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Beri Heng Fan
21-Mar 2009 Saturday 1:12 AM (5669 days ago)            #8
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quote originally posted by cookieguy:




hehee...dun know things cheaper a not on the street

Nothing is cheap in Japan.

Or anywhere else in this world other than Singapore.

Singapore is cheap I must add.



Best place in the world to be.










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Vnet
26-Mar 2009 Thursday 4:48 PM (5664 days ago)            #9
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really jialat lor for Japan. Indifferent




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Vnet
26-Mar 2009 Thursday 4:48 PM (5664 days ago)            #10
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quote originally posted by cookieguy:

Japan in recession, good to go Japan eh? things cheaper as
retailers sought to drive prices down to facilitate more consumer
spending, be it local or foriegn.

just be careful of social riots or petty crimes if unemployment
continues...



this already happen in msia.
Frown




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Beri Heng Fan
02-Apr 2009 Thursday 10:41 PM (5656 days ago)            #11
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quote originally posted by Vnet:



this already happen in msia.

agree.

malaysians are coming to singapore for shopping these days.

lol.







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genko
09-May 2009 Saturday 8:17 PM (5619 days ago)            #12
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TOKYO (AFP) - - A Japanese teacher and two students returning from North America have tested positive for swine flu in the first confirmed cases of the virus in the island nation, the government said Saturday.

Japanese authorities quarantined the three males, who had been on a high school trip to Canada, and 49 others who were aboard their flight which arrived Friday at Tokyo's Narita international airport from the US city of Detroit.

Prime Minister Taro Aso said the three cases were not considered a domestic outbreak of the A(H1N1) virus because they were intercepted at the airport.

"I would like people to act calmly but stay alert while paying attention to information given by the government and local authorities," he said.

News of the Japanese infections comes as Australia on Saturday reported its first case of the virus, after a woman tested positive for the disease as she returned from a trip to the United States, the government said.

"We have a person who had contracted the disease overseas and has fully recovered by the time they returned to Australia," Health Minister Nicola Roxon said.

In Japan Health Minister Yoichi Masuzoe said the government was trying to contact for testing all of the 391 passengers and 21 crew who were on the Northwest Airlines flight that arrived around 4:30 pm (0730 GMT) Friday.

"All the passengers who were aboard the plane could possibly have contracted the flu," he said. "We want to track all of them down by this evening."

The 46-year-old teacher and two 16-year-old students from the western city of Osaka tested positive for influenza and, in follow-up genetic tests, for swine flu, after they arrived in Japan, officials said.

Authorities quarantined them and also moved 49 other passengers, whose nationalities were not immediately released, to a hotel near the airport to be isolated for the next 10 days, ministry officials said.

The teacher and students had stayed in Oakville, Canada, on a school trip from April 24 until last Thursday, officials said.

"They developed symptoms such as coughing and temperatures when they arrived yesterday," a ministry spokesman said after the cases were announced Saturday.

The teacher remained sick while the two students were recovering, with their temperatures returning to normal, said the health minister.

Canada has the third highest number of swine flu infections , with 224 cases, and reported its first death Friday.

The same day the United States overtook Mexico, the epicentre of the outbreak, to become the country with the most patients, 1,639 cases in 43 states, according to statistics released in the US.

On Friday, Japanese Foreign Minister Hirofumi Nakasone said in Tokyo that a six-year-old Japanese boy living in Chicago had become the first Japanese national to have contracted the A(H1N1) virus.

The boy had already recovered, a foreign ministry official said.

Japan has been on high alert this week as one of the year's busiest travel periods came to an end, the "Golden Week" of public holidays when tens of millions travel domestically and overseas.

Japan's leading expert on infectious diseases Friday urged more medical measures to prepare for a domestic outbreak.

"It is not a matter of 'if.' It (the virus) will come in," said Nobuhiko Okabe, director of the Infectious Disease Surveillance Center.

Greater Tokyo, with almost 36 million people, is the world's most populous urban area, according to United Nations data, far ahead of New York-Newark, Mexico City, Mumbai and Sao Paulo.

In Hong Kong on Friday over 280 guests and staff who had been forced to spend a week quarantined in their city-centre hotel, following concerns they may have contracted the virus, were finally released.

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