London summit a potential 'lifeboat' for Aso, others: British minister

Friday 20th February, 04:56 AM JST

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

› Login to comment

11 Comments

some14some at 07:20 AM JST - 20th February

Lifeboat in barren Briton? UK is facing worst economy crisis in Europe (if news reports are to be believed).
tkoind2 at 07:27 AM JST - 20th February

Aso doesn't need a lifeboat. He needs someone to bring him back from the dead. I think all the life restoring prophets are booked this week. Too bad.
AlfGarnett at 07:28 AM JST - 20th February

some15some: Don't always believe all yopu see in the news mate. Japan is in much more unhealthy position than Britain or any other major power.

They need the summit to tell them to make the YEn weaker and buy lots of cheap foreign goods to get people out buying things and all that.

Apparently if the Yen aint weakened Japan loses 100 Million USD a day for every 1 yen the Dollar is lower.
whitepocky at 09:40 AM JST - 20th February

Don't always believe all yopu see in the news mate.

Apparently if the Yen aint weakened Japan loses 100 Million USD a day for every 1 yen the Dollar is lower.

Was this in the news too?
soldave at 09:46 AM JST - 20th February

So we've had verbal gaffes, a drunken Finance Minister and numerous scandals and corruption stories. Think the only way Aso could make a big impression would be being found snorting a line of coke of the Queen's naked breast!
timorborder at 10:13 AM JST - 20th February

Aso does't need a lifeboat, he need the anchor cable around his neck.
tokyochris at 11:04 AM JST - 20th February

They need the summit to tell them to make the YEn weaker

It's not that simple - you can't simply change a currency strength by clicking your heels together 3 times lol

It's due to a problem which was always going to happen sooner or later... for a long time now, bankers would borrow the yen at low interest rates and invest it elsewhere to boost profits. Now, with the stock market problems, they need to repay these loans (in yen) and so there has been a huge demand for the yen recently....which then bumps the value up quite a lot to the stage we see today!
tokyochris at 11:07 AM JST - 20th February

sorry, perhaps that wasn't very clear.... the loans themselves are not in yen (foreign investment), but they are buying yen due to the low interest rates from Japanese banks so that it's worth more in other countries which are suffering from a weaker currency.
NuckinFutz at 09:22 PM JST - 20th February

If London is a lifeboat Japan is the Titanic!
888naff at 01:16 AM JST - 21st February

Tokyo chris thanks for trying to explain anyway. Although Gordon Brown (uk pm) keeps sticking to the I'm saving the world and the rest of world are following me (the uk nationally broadcast TV news is not the best at world coverage so joe public is non the wiser - there also non the wiser that respective euro countries are doing the same about their "world leaders") and the uk is in better shape than other countries and its not our fault or nothing to do with me mate ( a mister who made his name based on his "financial skills") its a world problem; somehow the uk currency does seem to be the weakest of all the "developed" countries. Certainly v the yen it is now 50% in value what it was last year. Scary. Anyway as world news from most countries is pretty lame I sure every mister that goes to this will milk it and being giving don't worry our country is great speeches to a public that rarely see things from outside their borders.
TokyoHustla at 02:38 AM JST - 21st February

UK providing a lifeboat for Japan? Is this a joke? The UK has already turned its biggest banks into nationalized-socialized institutions. With the UK acting like Soviets, how could they possibly help Jarpan?