Japan warns that economic recovery is on 'pause'

The Japanese Government said today that for the first time in the past two months, the country's economic recovery appears to be "on hold" amid weak exports and concern about the yen's strength. In its monthly economic survey, the Government indicates that economic activity "appears to have recently gone on hiatus" and that exports, composed mainly of electronic products and machinery, "have weakened lately." This is the first negative economic assessment made by the government since February 2009 and first used the term "hold" since July 2008, two months before the bankruptcy of Lehman Brothers, according to the local agency Kyodo. The negative review is due in part to the slowdown in the Chinese economy, Japan's largest trading partner, which has hurt other Asian nations and has affected the demand for Nippon, said an official spokesperson to present the study and the Japan economy recorvery. Thus, Japanese exports mainly consist of electronic products, machinery and motor, "have weakened lately," the spokesman added.
Japan economy recorvery
Last August, Japan's trade surplus fell for the first time in the past 15 months amid a slowdown in the pace of exports, which grew 15.8% YoY but fell more than 5% from the previous month and the Japan economy recorvery.. Moreover, "the latest data clearly show that industrial production (Japan) has worsened," the spokesman said, referring to falls sustained in the last three months and the prospects of reductions also in September and October. He also warned that the prolonged slowdown in exports and the fall in production could be reflected in the results as capital spending Nipponese companies, as well as lead to a reduction in working hours, resulting in lower wages and the Japan economy recorvery..  In the report, the Government is confident that the pause in the recovery is temporary and that the economy can continue to grow, supported by appropriate stimulation and the recovery of some foreign economies. But he added that risks remain and urged the Bank of Japan (BOJ) to "continue supporting the economy with an appropriate and flexible monetary policy."

Japan economy
The economic report was released amid concerns about a stronger yen, which is at its highest level in 15 years against the dollar despite the Japan government intervention in currency markets last month and the Japan economy recorvery.. The Japanese currency was trading today at around 81.38 against the dollar units, well below the average of 89.66 units were then determined by the major exporting companies Nipponese. Japan came in the second quarter of 2009 from its worst recession after World War II.

McDonald's seeks business in wedding receptions

The U.S. fast food chain McDonald's will debut in early January 2011 a wedding banquet services at three of its branches in Hong Kong, an alternative to the expensive packages offered by traditional institutions new mac donalds business.

The banquet menus offer the usual in this chain to be obtained preferably in cash and do not include alcoholic beverages.The cost will not exceed a few hundred euros for a conventional wedding, compared to between 20,000 and 40,000 euros on average it costs in the usual restaurants and hotels wedding present.


McDonald's in the wedding receptions

The former British colony will become the first territory to test this service, McDonald's, though the chain has offered its space for banquets and special occasions in response to specific requests.
In Hong Kong, where the menus of the chain does not reach three euros, these establishments have better image than in other Western countries new mac donalds business.
The three branches, while a space devoted to the celebrants, will remain open for regular customers.
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The Nikkei, unchanged and with a yen for the clouds

The Tokyo Stock Exchange closed today unchanged a day when the yen became listed on its highest level against the dollar in fifteen years.
The Nikkei index lost only 6.62 points (0.07 percent) to 9684.81 points, while the Topix index, which groups all the values of the first section, rose 1.56 points, or 0.18 percent , to 846.06 integers.The yen focused much attention on Tokyo's selective, as they came to be exchanged at the high end of the 82 yen, its highest level in fifteen years.The appreciation of the Yen was however countered by the momentum that continues to market the decision of the Bank of Japan (BOJ) on Tuesday, leaving virtually zero interest rates.
In an echo of that announcement, the Nikkei has gained 3 percent in the last two days and today the market was affected by the collection of revenue, according to analysts cited by the local agency Kyodo.
The financial and real estate has particularly benefited from the decision of the BOJ, which has not yet been able to curb the yen's appreciation.

Nikkei and Yen

After the dollar appreciated in New York last night to the 82.75 yen during the day today on the Tokyo foreign exchange market the dollar fell to the 82.70 yen, after he had closed the Tokyo Stock Exchange.
Among the gainers sectors highlighted mining, retail and real estate, while gave the air, rubber products and forestry.The Nomura Real Estate Holdings State was among the winners, with an increase of 5.3 percent to 1,304 yen, while Mitsubishi Estate gained 2.2 percent to 1,508 yen.In the first section 980 securities advanced, compared to 520 that fell and 160 ended unchanged and the nikkei and yen.
The leader in value and volume of the day was the bank Mizuho, which gained 0.8 percent to 127 yen.
Trading volume was 2192.81 million shares, down from 2884.88 million Wednesday.

The euro's future is bleak without reform

The euro's future is bleak unless Europe does more to help member countries facing an adverse economic situation, said the Nobel prize winning economist Joseph Stiglitz.
In an excerpt from a commentary on his book "Freefall", published by the Sunday Telegraph, former World Bank chief economist also said that only a matter of time until Spain is attacked by speculators and the euro future..
"The euro area needs a better economic cooperation, not only the kind that merely reinforce the rules of the budget, but cooperation also ensures that (...) when countries experience adverse situations, receive help from others," he wrote and the euro future..

The  euro future

"Europe created a solidarity fund to help new members to join the EU (...) but did not create a solidarity fund to help anywhere in the euro area face a crisis. Without that background, the prospects for the euro the future are grim, "he said and the euro future..

Stiglitz also said the spending cuts to do Spain possibly worsen unemployment, which is already about 20 percent, and slow the economy, leaving little improvement in sight for your tax situation.
"Spain could be entering the kind of death spiral that afflicted Argentina just a decade ago," said Stiglitz, winner of the Nobel Prize in Economics in 2001 and the euro future..

Euro Currency

"Only when Argentina ended its fixed exchange rate against the dollar began to rise and reduced the deficit. Now, Spain has been attacked by speculators, but that could just be a matter of time," he said and the euro future.