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However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
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Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.
Links Hypocrisy: US Arms Al Qaeda in Syria, Mass-Slaughters Civilians in Afghanistan February 13, 2013 (LD) – AFP has reported that a recent NATO airstrike in Afghanistan has killed over 10 civilians in an all-too-familiar headline glossed over by the Western media in an exercise of both depravity and hypocrisy. RT’s article, " NATO airstrike kills 10 Afghan civilians, mostly women and children – officials ," notes in particular that up to 11,864 civilians were killed in Afghanistan between 2007 and 2011, and that civilian deaths before 2007 were not even tracked by the UN . Such facts reveal alarming hypocrisy as the UN keeps almost daily, inflated tallies of civilian deaths elsewhere, in particular, in nations like Libya and Syria where Western interests have been heavily involved in regime change and in dire need of manipulating public perception worldwide
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Common Plans, Coordinated Lies, and G7 Currency Statements Inquiring minds are investigating an amusing set of lies from the G7. At the top of the list is Group of 7 Will Let Market Decide Currency Values . Seven major developed countries including the United States and Germany pledged on Tuesday to let foreign exchange markets determine the value of their currencies
In addition to stock market cheerleading and targets from Japan’s economy minister, Yen Weakens as Candidate for Bank of Japan Promotes Easing . Japanese stock futures rose and the yen weakened after Haruhiko Kuroda, a potential contender for Bank of Japan chief, said additional monetary easing can be justified this year.“If we do see a BOJ Governor of Kuroda’s calibre, the dollar-yen could well punch through 95 and would head to 100 very quickly,†said Evan Lucas, Melbourne-based market strategist at IG Markets Ltd., a provider of trading services.
Today the Financial Times posted news of a Radical rescue proposal for Cyprus A radical new option for the financial rescue of Cyprus would force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds, according to a confidential memorandum prepared ahead of Monday’s meeting of eurozone finance ministers. The proposal for a “bail-in†of investors and depositors, and drastic shrinking of the Cypriot banking sector, is one of three options put forward as alternatives to a full-scale bailout. The ministers are trying to agree a rescue plan by March, to follow the presidential elections in Cyprus later this month