Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Nikkei closes 1.61% lower as Asian stocks dented by pessimism over Europe

Business Sep. 20, 2011 - 04:31PM JST ( 6 )

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6 Comments

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TumbleDrySep. 20, 2011 - 07:18PM JST

"dollar strengthened against the euro but slipped against the yen."

All currencies continue slipping against the yen.

"Finance Minister Jun Azumi told reporters Tuesday that the recent sharp rise of the yen has slowed the pace of the country’s economic recovery from the March earthquake and tsunami. Tokyo has not ruled out intervening in the currency market to stem the yen’s rise against the U.S. dollar and other major currencies."

Heard that from the previous finance minister. Wait... Is the PM now.

Both are sitting on their hands.
1

FoxieSep. 20, 2011 - 07:47PM JST

Meanwhile Turkey's economy grew by 8.8% in the last quarter. The EU should have let Turkey join.
0

TumbleDrySep. 20, 2011 - 07:56PM JST

Foxie: Greece should join Turkey.
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KonstaSep. 20, 2011 - 08:20PM JST

FoxieSep. 20, 2011 - 07:47PM JST. Meanwhile Turkey's economy grew by 8.8% in the last quarter. The EU should have let Turkey join.

Relative growth can not be a measure of acceptance. For example, growth from 1 Euro to 2 Euros is a 100% growth and from 100 Euro to 101 Euros is 1% growth, and both are the same 1 Euro. Turkey doesn't fit European landscape economically, politically or socially. Not that European politics is any sane lately. I just don't want to get started there...
0

SerranoSep. 20, 2011 - 11:28PM JST

Dayum, everyone but the Chinese are getting these credit downgrades.
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globalwatcherSep. 21, 2011 - 05:59AM JST

Some economists expect the Fed to eventually try for the third time to stimulate growth through a program to buy >>Treasurys to lower long-term interest rates. That’s a step known as “quantitative easing.”

Yep, it may be coming even though FED is reluctant to do it. Then $$ will continue to decline further. dahh...............