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 decided to grant an extension of the deadline for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 "Advieskantoren" and ABN AMRO's Dutch factoring activities to Deutsche Bank.
more »
MEPs will vote on an emergency plan to help the crisis-stricken sector dairy sector on Thursday after the Agriculture Committee approved the Commission's proposal on Monday evening in Strasbourg.
more »
The EBRD is boosting competition in the Montenegrin retail sector with a loan to expand the supermarket network of one of the leading retailers in the country.
more »
Redmond, Wash. — Oct. 16, 2009— On Oct. 19, Microsoft CEO Steve Ballmer heads to the sold-out Microsoft sharepoint Conference in Las Vegas where he will address more than 7,000 sharepoint customers, partners and developers.
more »
Proposals tabled for collaboration on sea surveillance, bigger EU role in global maritime affairs and sustainable fishing.
more »
$50 million financing package for agricultural commodities operator.
more »
Seeking to increase sheet-metal production volumes, Stansefabrikken decided to move all company’s production from Lillesand (Norway) to Stansefabrikken’s successfully operating factories in Lithuania.
more »
The European Economic and Social Committee (EESC) and the European Commission Representation in Finland jointly organise a conference in Helsinki on 22 and 23 October on "The Baltic Sea Region: the best place to work and do business".
more »
Why did economy rise drastically turn into painful decline and what price will every of us have to pay for that?
more »
The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year.
more »