EconWatch.com > Japan's Economy Struggles For Air | afoe | A Fistful of Euros ...

[A Fistful Of Euros » A Fistful Of Euros] Further down the road only lie major tax increases (which will surely slow the domestic economy even further) or (ultimately)debt restructuring, since surely, even in the Japan case, the sky is not the limit for sovereign debt, and while any Japan sovereign restructuring would have little external impact given that the Japanese are the main holders of their own debt, Japan’s banks (who hold the lion’s share) would hardly escape unscathed. But beyond immediate government debt-woe issues, the big question is the extent to which lasting damage is being done to demand for Japanese home-grown products, and whether or not this will make it more rather than less difficult to sustain in the longer term the external surplus the country so badly needs to underpin its fiscal survival.

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[NewsDaily: Business Headlines] NewsDaily: S&P cuts Japan sovereign rating outlook on quake costs: The change comes three months after S&P had cut Japan's sovereign credit rating -- the first reduction since 2002 -- saying the government had no plan to deal with its mounting debt while adding the administration's loss of an upper house majority had compounded the problem.

[ATN - Asia Times News] S&P cuts Japan sovereign rating outlook on quake costs | ATN ...: The change comes three months after S&P had cut Japan’s sovereign credit rating – the first reduction since 2002 -saying the government had no plan to deal with its mounting debt while adding the administration’s loss of an upper house majority had compounded the problem.

[Finance Business News] S&P cuts Japan sovereign rating outlook on quake costs | Finance ...: The ratings agency cut Japan’s sovereign credit rating in January for the first time since 2002, saying the government had no plan to deal with its mounting debt while adding the administration’s loss of an upper house majority had compounded the problem.

[CreditLime - CDS Market Information] CreditLime - CDS Market Information » Blog Archive » Japanese ...: Individual companies like Nomura Securities and Sumitomo Mitsui Banking, Acom, Sompo Japan Insurance and Toshiba have seen gross notional fall while net notional is almost unchanged and in other cases both gross notional and net notional have fallen like in JFE Steel, Pioneer, Promise Company, Softbank and Mizuho Corporate Bank. Tokyo Electric Power (TEPCO) seems to be one of the major outliers in the trend with gross notional is actually up while net notional is down.

[Abegbe] Japan bank cuts forecast, as factory output drops : Abegbe: Ratings agency Standard & Poor's on Wednesday cut its outlook on Japan's sovereign debt following the disaster and warned that reconstruction costs could pass $600 billion. The unemployment rate stood at 4.6 percent .

[Jakarta Globe RSS: Business] S&P Issues New Warning Over Japan's Rising Debt | The Jakarta Globe: The ratings agency cut Japan’s sovereign credit rating in January for the first time since 2002, saying the government had no plan to deal with its mounting debt while adding the administration’s loss of an upper house majority had compounded the problem.

[Financeation] Factbox - Rating agencies' warnings, action on Japan's debt ...: Standard and Poor’s on Wednesday downgraded its outlook on Japan’s sovereign debt rating, warning that the huge cost of last month’s devastating earthquake will hurt the country’s already weak public finances without tax hikes. The warning could embolden those in the government who are pushing for higher taxes.

[XE Forex News] XE.com - INSTANT VIEW 2-S&P cuts Japan sovereign rating outlook to ...: outlook for Japan's sovereign rating to negative on Wednesday,. saying the earthquake, tsunami and nuclear power plant disaster. will increase Japan's fiscal deficits above previous estimates. ... More stories on Japan's economy. -- Tables: http://www.meti.go.jp/english/statistics/tyo/syoudou/index.html. BACKGROUND: - Japan is facing its worst crisis since World War Two after. a 9.0 magnitude earthquake and a tsunami battered its northeast ...

[Net4CA.com] S&P cuts Japan sovereign rating outlook on quake costs | Net4CA.com: Japan is expected to pass an initial 4 trillion yen ($49 billion) extra budget for disaster relief in early May that won’t entail fresh borrowing, but that is just a down payment on the expected cost of rebuilding in Japan’s devastated northeast.

[NewsDaily: Top Headlines] NewsDaily: BOJ believes Japan in recession, stands pat on policy: Japan's recovery from the quake would accelerate from October, the BOJ said in its twice-yearly outlook report on the economy. At the same time, it revised up economic forecasts for the year ending in March 2013 and raised its estimate for core consumer price inflation in the current fiscal year.

[Phil's Favorites] Japan Retail Sales Plunge Most in 13 Years; S & P Cuts Japan Debt ...: Moody’s today reported no change to its negative outlook for Japan's Aa2 grade rating, the third highest, after a reduction from “stable” in February because of political gridlock. Japan’s public debt will probably increase 5.8 percent to 997.7 trillion yen ($12.2 trillion) in the year started April 1, from a projected 943.1 trillion yen last year, the Finance Ministry said in January.

[Blogs For Victory] S&P Rates Japanese Debt “Negative” | Blogs For Victory: Japan's sovereign-rating outlook was cut to “negative” by Standard & Poor's as the nation's reconstruction needs following last month's earthquake will likely add to what's already the world's biggest debt load. The outlook on Japan's local -currency debt rating, ... Here's a news flash for all the financial experts out there: this will not be good for the Japanese and global economy. It will make things worse. As will rising oil and food prices. As will Chinese inflation. ...

[Janamejayan's Weblog] Japan's Earthquake, Tsunami and Nuclear disasters and their ...: In Japan the Bank of Japan has already printed trillions of Yen to stave off its appreciation as the emigration of capital to foreign countries takes place due to panic.  The Bank’s intervention effectively stemmed the rot.  The same thing happened in the U.S. in 2008 when Ben Bernanke the Chairman of the Federal Reserve pumped in 800 billion dollars to stave off liquidity crisis in the  U.S.   Other countries followed suit in printing large amounts of their own currencies.  This is the genesis of the appreciation of the gold’s value and it would stay that way for a very long time.

[FP Top Stories List] S&P cuts Japan outlook on quake costs | Economy | Financial Post: The change comes three months after S&P had cut Japan’s sovereign credit rating ”” the first reduction since 2002 ”” saying the government had no plan to deal with its mounting debt while adding the administration’s loss of an upper house majority had compounded the problem.

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