Tag: economy

Get While the Gettin’ is Good
March 22, 2013 0

Get While the Gettin’ is Good

By News Desk

The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I’m Dispensable . “I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama. What Bernanke said is best translated as ” I’ll get while the gettin’ is good.

Japan Contracts Third Straight Quarter; No Escape
February 14, 2013 0

Japan Contracts Third Straight Quarter; No Escape

By News Desk

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.

Japan Posts Second Consecutive Current Account Deficit; 2012 Account Surplus Lowest on Record
February 8, 2013 0

Japan Posts Second Consecutive Current Account Deficit; 2012 Account Surplus Lowest on Record

By News Desk

Reuters reports Record low current account surplus shows Japan’s challenges Japan posted its smallest annual current account surplus on record in 2012 as exports weakened and energy imports grew, a signal to Prime Minister Shinzo Abe that economic revival needs more than just a weaker yen and extra spending. The current account surplus is likely to continue shrinking as energy imports rise due to the closure of nuclear power plants and as Japanese exporters lose out to more competitive Asian rivals, economists say. Japan’s current account surplus was 4.7 trillion yen ($50.4 billion) in 2012, Ministry of Finance data showed, a figure that seems impressive.