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 EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »