Word: nikkei
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...economic crisis. It is quite another to be unemployed and to feel unwanted by the country where you've settled. That's how Freitas and other Brazilians feel since the Japanese government started the program to pay $3,000 to each jobless foreigner of Japanese descent (called Nikkei) and $2,000 to each family member to return to their country of origin. The money isn't the problem, the Brazilians say; it's the fact that they will not be allowed to return until economic and employment conditions improve - whenever that may be. "When Nikkei go back...
...fresh spending was unveiled just as a few glints of light broke through the gloom engulfing Japan after months of dismal economic data. Following news on Thursday that employment and cash flow measures would be included in the package, the Nikkei stock index broke 9,000 points for the first time since January and machinery orders, an indication of how much companies are investing, exceeded expectations with a rise of 1.4% over the previous month...
...center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly hit 39,000, the stock market has never come close to recovering. The Nikkei recently touched its lowest point since...
...bubbles do, this one burst. While Japan's bureaucrats dithered, failing to face up to the crisis in the financial system, the economy went into a long "lost decade." The stock market plunged, then limped, then plunged again. (The Nikkei index is down 82% from its peak in 1989, and recently hit a 26-year low.) Banks that had once been the envy of the world had to be recapitalized. Growth picked up again after the turn of the century, as demand in China and the U.S. grew, only to be clobbered by the global recession and the collapse...
...Japan's Nikkei fell to a near 26-year low before rebounding and closing down just 0.7% on Tuesday. Hong Kong's Hang Seng retreated 2.3% and Shanghai's main index dropped 1.1%. Seoul's KOSPI, however, finished up 0.7%, with Taiwan's index also slightly higher. (See pictures of the global financial crisis...