Japanese Business Confidence Up as Economy Expands
Published:
7 March 2004 y., Sunday
Japanese executives remain hopeful about the economy and Japan's largest bank has moved to reassure investors and the public.
Business confidence is growing in Japan, where the economy is expanding at its fastest clip in 13 years. A Ministry of Finance survey shows that large companies expressed optimism for the second quarter in a row in the January to March period.
According to the survey, which measures optimism on a numerical scale, confidence is now at 5.1 compared with 5.3 last quarter. A positive number indicates that optimists outnumber pessimists.
Business executives say a recovery in corporate investment and exports is fueling their hope, as is Japan's improved growth rate, now at 7 percent on a yearly basis.
Japan's largest bank in terms of assets, Mizuho Financial Group, is moving to restore public confidence after receiving a government bailout in the late 1990's.
The bank says it plans to return more than $4.5 billion to government coffers. It owes more than $20 billion in public funds.
Šaltinis:
voanews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has authorised under EU state aid rules a €550 million capital injection and a €400 million guarantee in favour of the Austrian bank BAWAG. P.S.K. The Commission found the measures to be in line with EU state aid rules.
more »
EUROSTAT has reported that the sharpest annual decrease in hourly labour costs of -10.9% was observed in Lithuania in the 3rd quarter of 2009.
more »
Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand.
more »
What has come to be termed as the "Great Recession" seems to have come to an end in the third quarter of 2009.
more »
The European Commission has authorised, under EU State aid rules, a measure adopted by Lithuania to limit the adverse impact of the current financial crisis on exporting firms.
more »
The schedule of Vilnius International Airport (VIA) is supplemented with 3 more new directions; the airline company airBaltic starts regular flights to Paris today, to Munich tomorrow, and to Berlin on Monday.
more »
The Governing Council of the European Central Bank (ECB) has decided to start the main construction works for its new premises in spring 2010.
more »
AB Bank SNORAS was granted the award from NASDAQ OMX Baltic Stock Exchange for the jubilee 15-year listing of the bank’s shares on NASDAQ OMX Vilnius Stock Exchange.
more »
Parex banka has established a subsidiary, SIA NIF, which will professionally manage assets that are not related to the Bank’s core business.
more »
Mariann Fischer Boel, European Commissioner for Agriculture and Rural Development, today put forward a plan to ensure that Greece will put in place the systems necessary to allow EU aid payments to be made to farmers.
more »