Reining in nation's gargantuan debt is a plan still on hold

Article Abstract:

Japan's national debt is the world's largest, ballooning to 130% of economic output and may reach 220% in five years. A strategy of economic restructuring, reorganization of Japan's corporations and cuts in government spending could bring a gradual, though politically painful, recovery.

Public Debt, Government revenues, Statistical Data Included, National debt, Public debts

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Panel considers plan to use public funds to buy stocks; goal of proposal iis to underlie market amid wave of cross-shareholding sales

Article Abstract:

A group of liberal Democratic Party lawmakers is discussing the mechanics of using government funds to buy shares from companies intent on unloading cross-shareholdings. The move comes at the wake of sales conducted by troubled companies and banks which have begun unloading their cross-shareholdings to raise money. The lawmakers aim to keep such sales from keeping the Japanese stock market in the slump that it has been experiencing for nine years.

Political Organizations, Political activity, Economic development, Political parties, Liberal Democratic Party (Japan)

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Stronger yen leaves a few bruises on Tokyo stock prices

Article Abstract:

Japan's budding economic recovery suffered a blow when its booming stock market declined following the increased strength of the yen. While the final impact depends on how far share prices fall, some economists say that a minor drop in the share prices could help. However, a persistent drop would endanger the economy. Despite the 2.7% drop recorded in the Nikkei Stock Average on Sept 16, 1999, the monetary authorities have not taken any concrete steps to contain the yen although they agreed to cut the yen's value if it continued its rapid ascent.

Market information - general, Prices and rates, Stocks, Stock prices, Yen (Japan)

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