The World Business

Posts Tagged ‘AFP’

Japanese consumer price index last November again went down. It gives reinforce for the symptoms of deflation that continues to survive in the stagnated economic recovery efforts of State Sakura.  Based on data from the Ministry of Finance of Japan, consumer price index last month fell 0.5 percent over the same period last year. This represents a decrease to-21 times in succession within a period of nearly two years since the global crisis. November data also lower than analysts’ estimates forecast 0.6 percent decline.

But a glimmer of hope emerged as the announcement of Japan’s production output increased by one percent in November compared to the previous month. Decline in consumer price index is considered as one factor inhibiting recovery as it relates to the ability of home shopping.  A negative impact on the consumption sector, it also makes the Japanese are still teetering on the recovery period.  Moreover, the Tokyo government said last week that economic growth in countries with Asia’s biggest economy will slow to 1.5 percent in 2011, down 3.1 percent compared to this year.

“The decline in the price of unremitting labor to make the company and adversely affected by it all,” said Chief Economist for HSBC Securities Seiji Shiraishi was quoted as saying by AFP.

These conditions indicate that Japan will be hard to beat deflation own country, thus encouraging social factors such as the shrinking population. “Deflation will be easier if the global economy and strong external demand for Japan’s help also can encourage increased exports of Japan and eventually trigger a return of domestic demand,” said Seiji.

Greek Parliament approved the simplification of its budget. This is a step to be taken in order to repair the country’s economy because the economy crashing before.  Approximately 3000 members of trade unions and communists held a separate demonstration to reject actions that loan rejection of more than 14 billion euros for next year. it was done to restore financial equilibrium Greece. 2011 Budget finally trimmed. Some of the sectors affected by pruning, among others, is bad health sector mismanagement Greece and budget for SOEs.

“I am determined to make all the changes needed in the exciting state of crisis, although it’s hard, I’m sure Greece will not be bankrupt. In addition, without assistance from Europe, this country will collapse,” said Greek Prime Minister George Papandreou was quoted as saying by AFP, Thursday (12/23/2010). In addition, Papandreou appealed to all parties to take responsibility for their own and contribute to efforts to save the economy.

Some demonstrators marched on Wednesday local time and filled the streets in the capital city, causing traffic to be solid. This is done to fight wage cuts. In addition, the mandate of the European Union that Greece continued to receive increased loans from Greece increased from 110 billion euros to 145 billion euros. And Greece agreed that the public deficit will be reduced to 7.6 percent of gross product in 2011.