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  some14some at 06:01 PM JST - 30th December

  but the key Nikkei index ended 2008 with its steepest one-year percentage drop of 42.1%

  percentage drop is far steepest than U.S. blamed to be the origin of Financial Meltdown. 42.1% drop equals to loss of over Y200tri if media reports are to be believed.

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  rajakumar at 07:41 PM JST - 30th December

  Yen 150 trillion loss in japan and US loss of 3 trillions. There was a bubble of maybe 5000 billion gone via bad loans or whatever. This still leaves behind another 60000 billion or around there to rebuild global finance systems in 2009.

  Japan and US economy are very interlinked. I guess people tried to get rich without really doing their loan paperworks correctly or whatever else.

  So where does US,Japan and our former global economy of 65000 billion before slowdown go from here. We can minus may be give or take a few trillions, that is a 5-10 trillions loss.

  To recover from this loss is going take many reforms,trial and errors. The recovery is up all nations in world,how they recovery and why?

  We have to ask many questions of the why and how of cures ,when nations do their operation rebuild economic confidence.

  China and India's economy will the 2 rising stars that will do well in future, due to economic transformations there.

  Others nations who support the 2 nations rise,will also do well in future. The forces of wealth creation is up to invidual nations,how they build economic confidence,research developments,money circulations and other elements in their national economic systems.

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  Sarge at 08:14 PM JST - 30th December

  Indeed, they forgot the year.

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  Athletes at 04:47 PM JST - 31st December

  Tokyo stock rise is good news for stock markets. Investors have been suffering for a long time.

  RajaKumar

  "China and India's economy will the 2 rising stars that will do well in future, due to economic transformations there."

  At the moment, this two nations performed well comparing with others. However they can not sustain their high growths forever. China is a manufacturing powerhouse & depending on the consumers demand from west. India is a service oriented economy & depending on the outsourcing sector of west. They need west more than west need them.

  Both nations economy were driven by foreign investments. As you said, financial makets are unstable & ruined. They will not easy to get the finance for business in the future. They have to tap their domestic savings. Their domestic markets are huge however they are underdeveloped & diversified.

  Both nations have huge population so current economic climate may cause social unstability. Their GDP growth will shrink for sometimes in the future. Their economy developed due to the globalization. They are exposed to the downturn because of the globalization too. It is a sad reality.

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