ING Baring contrarians are predicting a Japanese liftoff: global pessimism is overdone, they say, urging investments in stocks tied to domestic demand

Article Abstract:

ING Baring economist Richard Jerram and strategist Pelham Smithers are bullish on the ability of the Japanese stock market to post significant gains for 1998, which they believe is depressed mostly by investors' reluctance to participate in Japan's recovery. Jerram and Smithers believe that the 16.65 tril yen economic stimulus package, the 3.9% expansion of the economy since the economic slump and the projected growth of 1.9% for 1998 are key indicators that Japan is about to recover and bring large profits for investors.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Forecasts and trends, Stock-exchange, Stock exchanges, Exchanges

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Japan economic indicators point to a jobless recovery

Article Abstract:

Economic experts state that the Japanese economy is finally making a recovery after almost four years of stagnation. However, statistics show that the country's unemployment rate continues to rise, reaching a record 3.4% in Nov. 1995. The problem is being exacerbated by price deflation, which has had a negative impact on business and consumer confidence. Analysts do not believe that this trend can be reversed anytime soon.

Economic aspects, Statistics, Unemployment

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Business mood slips further; tankan survey finds significant decline

Article Abstract:

The Bank of Japan's tankan, a quarterly survey of business sentiment among 9,129 businesses, revealed that business conditions have continue to deteriorate through Dec 1998. The manufacturers that were surveyed have expressed their dissatisfaction over the worsening economic situation. It is at its lowest since 1994 when Japan's economic bubble burst and led to recession.

Japan, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Financial analysis, Banking industry, Banks (Finance), Surveys, Business enterprises, Bank of Japan

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