Thursday, December 20, 2012

Economics

http://www.marketwatch.com/story/bank-of-japan-eases-further-sees-uncertainty-2012-12-19

The bank of Japan is going to add about ten trillion yen to its asset-purchase program. Their economy has been having issues like ours has. It was in the 1980's when rising stock and real estate prices caused the Japanese economy to burst in what as later known as the 'Japanese asset price bubble' which was caused by the policy of a low interest rate by Bank of Japan. The economic bubble came to an end as the Tokyo Stock Exchange crashed in 1990-1992 and real estate prices peaked in 1991.Growth in Japan throughout the 1990's was 1.5% slower than the growth in other major developed economies which gave it the term 'Lost Decade.' However, Japan's GDP was better than Europe's and the United State's throughout 2001-2010. As for today the JSE is down 1.19% and the yen is down about .33% compared to the US dollar from yesterday.

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