BEIJING -- China's rapid growth continued to moderate in the second quarter as exporters felt the effects of the global economic slowdown. And with continued U.S. financial-market turmoil raising the prospect of an extended period of global weakness, there is now rising pressure for China's authorities to move to boost growth.
Gross domestic product for the quarter was 10.1% higher than in the same period of 2007, the National Bureau of Statistics said Thursday, slowing from the first quarter's 10.6% growth ... (A. Batson, Wall Street Journal, July 16, 2008). Read More
Thursday, July 17, 2008
Tuesday, July 15, 2008
Japan's Inflation Conundrum
Japan's Inflation Conundrum
Could rising prices kick-start the world's second-largest economy?
Talk to almost any Japanese consumer, and you're likely to hear a litany of complaints about skyrocketing food and energy prices. Though such bellyaching might be common enough in other parts of the world, in Japan rising prices are something altogether new after a decade-long struggle with deflation.
So why, then, do some economists think a shift to inflation could boost Japan's economy? At first glance, the idea might seem far-fetched. The Japanese consumer is now paying nearly $1.70 a liter ($6.40 a gallon) for gasoline and has seen prices for staples such as soy sauce and bread go up 10% to 30% since last year. You would think people would be cutting back on spending (I. Rowley, BusinessWeek Japan, 07/10/2008. Read More
Could rising prices kick-start the world's second-largest economy?
Talk to almost any Japanese consumer, and you're likely to hear a litany of complaints about skyrocketing food and energy prices. Though such bellyaching might be common enough in other parts of the world, in Japan rising prices are something altogether new after a decade-long struggle with deflation.
So why, then, do some economists think a shift to inflation could boost Japan's economy? At first glance, the idea might seem far-fetched. The Japanese consumer is now paying nearly $1.70 a liter ($6.40 a gallon) for gasoline and has seen prices for staples such as soy sauce and bread go up 10% to 30% since last year. You would think people would be cutting back on spending (I. Rowley, BusinessWeek Japan, 07/10/2008. Read More
Japan's Inflation Conundrum
Japan's Inflation Conundrum
Could rising prices kick-start the world's second-largest economy?
Talk to almost any Japanese consumer, and you're likely to hear a litany of complaints about skyrocketing food and energy prices. Though such bellyaching might be common enough in other parts of the world, in Japan rising prices are something altogether new after a decade-long struggle with deflation.
So why, then, do some economists think a shift to inflation could boost Japan's economy? At first glance, the idea might seem far-fetched. The Japanese consumer is now paying nearly $1.70 a liter ($6.40 a gallon) for gasoline and has seen prices for staples such as soy sauce and bread go up 10% to 30% since last year. You would think people would be cutting back on spending (I. Rowley, BusinessWeek Japan, 07/10/2008. Read More
Could rising prices kick-start the world's second-largest economy?
Talk to almost any Japanese consumer, and you're likely to hear a litany of complaints about skyrocketing food and energy prices. Though such bellyaching might be common enough in other parts of the world, in Japan rising prices are something altogether new after a decade-long struggle with deflation.
So why, then, do some economists think a shift to inflation could boost Japan's economy? At first glance, the idea might seem far-fetched. The Japanese consumer is now paying nearly $1.70 a liter ($6.40 a gallon) for gasoline and has seen prices for staples such as soy sauce and bread go up 10% to 30% since last year. You would think people would be cutting back on spending (I. Rowley, BusinessWeek Japan, 07/10/2008. Read More
Tuesday, July 1, 2008
Europe and U.S. Sign Aviation Agreement to Improve Safety and Cut Costs
The European Community and the United States today signed an agreement which will result in better harmonized aviation safety systems on both sides of the Atlantic and less cumbersome technical and administrative procedures for the recognition of certificates. This will further improve safety levels and reduce costs for both European and U.S. manufacturers. These savings should in turn be reflected in cheaper fares for passengers (European Union, Delegation of the European COmmission to the United States' website, June 30, 2008). ).Read full article
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