Tokyo says reform plans will buttress the economy

Article Abstract:

Japan Prime Minister Junichiro Koizumi, in the wake of the Nikkei 225 Stock Average hitting a 17-year low on Monday, has moved to assure the country that the weakness in shares is the result of years of delaying a resolution for years. Among the proposals his administration has made proposed is to contain Japan's budget deficit, among others. Anxieties over the country's banking system and securities market are discussed.

Brief Article, Statistics, Stock price indexes, Koizumi, Junichiro, Nikkei 225 Index (Index)

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Central bank takes action to reduce short-term rates: 'dramatic' new strategy is bid to increase the amount of yen in circulation

Article Abstract:

Japan's Central Bank has taken steps to increase the amount of yen circulating in the short-term money market. Through its efforts, the short-term interest rates registered slightly above zero for two days in a row in Feb 1999. Investment and money market analysts believe that the Central Bank will take more aggressive actions in the future to help the economy recover. This prediction has left bond and currency markets guessing on how extensive the effects of the Central Bank's actions may be.

Interest Rates, Central Bank & Govt Liabilities, Central banks, Short-term financing, Short term financing, Money market, Money markets

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A tale of two islands: Singapore and Japan

Article Abstract:

Singapore and Japan reacted differently to the onset of the Asian economic crisis. Singapore immediately addressed the problem by devaluating its currency, stimulating domestic demand and implementing structural reforms. These moves will provide the impetus to sustain the country's growth. On the other hand, Japan's failed to enact structural reforms which has led to increasing long-term interest rates and dismal long-term economic prospects.

Singapore, Analysis, Economic development

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