Bank of Japan Members Say Uncertain Times Ahead.Summary: In itEoee1/4eaos August 18-19 meeting, members of the Bank of Japan expressed their outlook of the economic future to be uncertain. The combination of volatile... In it's August 18-19 meeting, members of the Bank of Japan expressed their outlook of the economic future to be uncertain. The combination of volatile equity markets along with falling asset prices gave little clarity as to any definitive direction for the Asian economy. "Some members said attention should be paid to possible further losses that U.S. financial institutions could occur," as such depreciations could spillover spill·o·ver n. 1. The act or an instance of spilling over. 2. An amount or quantity spilled over. 3. A side effect arising from or as if from an unpredicted source: to the Japanese financial sector The Japanese financial sector is one of the largest in the world, and it is home to some of the largest financial services companies, business groups and banks. The large keiretsus (business groups), the multinational companies such as Sony, Sumitomo, Mitsubishi, Toyota own billion , minutes show. The release comes two weeks after GDP GDP (guanosine diphosphate): see guanine. data showed Japan to have contracted for its second straight quarter by -0.7%. Two straight quarters of negative growth technically defines a recession according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Bureau of Economic Research The National Bureau of Economic Research (NBER) is a "private, nonprofit, nonpartisan research organization" dedicated to studying the science and empirics of economics, especially the American economy. . 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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