Word: courtises
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Still, it might get harder to muddle through in the future, since there are indications that the most reliable part of Japan's economic engine?its high-profile export industries?is under unprecedented attack. "Japan's competitive positioning is declining internationally," says Ken Courtis, vice chairman of Goldman Sachs Asia...
Instead, the weak get weaker, and hope is fading that relief will come from an economic rebound. Government economists on Aug. 30 estimated that the country generated zero GDP growth in the first quarter, revising an earlier estimate of a 1.4% gain. Ken Courtis, vice chairman of Goldman Sachs Asia...
One danger is that Ishihara?who hopes to succeed Koizumi as Prime Minister?might spark a wider loss of confidence in Japan's banks, scaring regular Japanese depositors into withdrawing their money in droves. That could have major repercussions for global stock and currency markets. "It is wrong to underestimate...
Yes, we've heard tales of Japan's looming economic Armageddon before. But Washington is worried that the fallout from Japan's malaise could hamper a nascent U.S. recovery. Worse, there's no quick-fix option. The world's second-largest economy, Japan labors under the globe's highest level...
The banks are Japan's immediate problem, the weakest part of the whole crumbling structure. The essential question now: are they chronically metastasized with bad loans - very sick but possibly curable - or are the banks on the point of complete implosion? The largest banks expect to collectively lose $17 billion...