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Finance History 2010-01-07 (07 January 2010 ) |
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| Analysts see a shift in tone in comments by Naoto Kan, Japan's new top finance official. | |
| The significance of Naoto Kan?s appointment as Japan?s new finance minister lies as much in his reputation as a battler against the country?s powerful bureaucrats as in his yet untested financial expertise. Mr. | |
| The yen fell Thursday after Japan's new finance minister said he wanted the unit to weaken, while the euro lost ground to the dollar on the eve of crucial US jobs data, analysts said. | |
| Japan's new finance minister called for a weaker yen on Thursday and said he would work with the Bank of Japan to achieve an appropriate level, prompting a sharp slide in the currency against the dollar. | |
| NEW YORK -- Shares of some top finance companies were up at the close of trading: Bank of America rose $.54 or percent, to $. Citigroup rose $.01 or .3 percent, to $. JPMorgan Chase rose $.87 or percent, to $. | |
| Japan's new finance minister rattled financial markets Thursday with a call for a weaker yen, sending the currency sharply lower on speculation that he might order official intervention. | |
| Japan's new finance minister is wasting little time making waves, jolting the foreign exchange market Thursday by calling for a weaker yen at his first press conference. | |
| Jan. 8 (Bloomberg) -- Japanese Prime Minister Yukio Hatoyama , already damaged by voter anger over abandoned campaign pledges, may face new credibility questions after reversing course on allowing his ailing finance minister to step down. | |
| Japan's new finance minister, Naoto Kan, said he wanted the yen to weaken more and would work with the Bank of Japan to bring the currency to an appropriate level given its impact on the economy. | |
| Newly appointed Japan finance minister Naoto Kan faces the tough task of stimulating a struggling economy while keeping public debt under control. His role as deputy prime minister was to wrench policy powers away from bureaucrats. |
Economic History
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| Europe's economic recovery struggled in first gear on Thursday as a fall in euro retail sales sparked concerns over the outlook and the Bank of England left its key interest rate at a record low. | |
| A look at economic developments and activity in major stock markets around the world Thursday: | |
| The stock market closed Wednesday with little changed following mixed economic reports and as minutes from the Federal Reserve's last meeting point to divisions among policymakers. | |
| James Chanos, who predicted Enron’s collapse, insists that the economic boom, too, in China is headed for a fall. | |
| A look at economic developments and activity in major stock markets around the world Thursday: ------ TOKYO -- Japan's new finance minister is wasting little time making waves, jolting the foreign exchange market by calling for a weaker yen. | |
| Jan. 7 (Bloomberg) -- European confidence in the economic outlook jumped in December to a level last seen before the demise of Lehman Brothers Holdings Inc. | |
| Euro-zone Economic Sentiment Indicator Up In Dec. | |
| Investors treaded water for a second day Wednesday as a batch of mixed economic reports and signs of division among Federal Reserve policymakers offered little new insight into the economy. | |
| New Zealand is on the road to recovery. Heading into 2010, economic growth is stronger than expected and unemployment lower, thanks to a more stable global economy and the Government's success in managing New Zealand through the recession. | |
| The dollar was mixed Wednesday as investors weighed a batch of mixed . economic reports and minutes from the Federal Reserve's last meeting that revealed division among policymakers. |
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