Russian top ten oligarch suffered the assets shrunk sharply down and the richest man into the 8th
Passing financial crisis, it not only led countless people unemployed, but also the purses of the world top richest were quickly deflated. Russian most respected business magazine “Finance” on 16th exposed that the oligarch Oleg Deripaska who in the Russian rich list has ranked the first for two years in metal because of assets shrunk by 2 / 3, ranking dropped to No. 8, the assets of other Members have shrunk to varying degrees.
“Drunken” and taking part in G7 finance minister meeting, so the finance minister suffered the high voice of leaving
Japanese Finance Minister Shoichi Nakagawa on 16th excused for his “abnormal” performance to attend the meeting of Group of Seven finance ministers and central bank governors and said that when he answered a reporter’s question in the “drunken” state was due to cold medicine, rather than alcohol. The video clips of Shoichi Nakagawa on 14th, after attending the above meetings, at a press conference he could not help dozing, are spread by the Japanese media widely. The usual drink-loving finance minister is facing increasing pressure to resign from the inside and outside the party.
Japanese Prime Minister will appoint Yosano to take over the resignation of Finance Minister
Daily News on February 17th: Japanese Kyodo News reported on 17th, Japanese Prime Minister Taro Aso said on 17th, that they would name Yosano Kaoru for the current economic financial post of Shoichi Nakagawa. Japanese Finance Minister and Finance Minister Shoichi Nakagawa because of “drunken Door” suffered from both ruling and opposition attacks, then announced his resignation on 17th. Financial, economic, financial power as three powers was set in one person, which in Japanese post-war history was rare.
Bank of Japan will hold a committee meeting on Wednesday to find a way out out of recession
This week the Policy Committee of Bank of Japan (Bank of Japan) will convene a meeting. According to recently published data it showed that Japanese economy emerged the most serious quarterly shrink since 1970, so the committee is faced with the enormous pressure to find a way out of a recession. Most economists expected Japanese economy would further deteriorate, while the conventional tools of Bank of Japan intervention have been used depleted. Asia chief economist (Glenn Maguire) of Société Générale (SociétéGénérale), said that what the Bank of Japan can do now is only to accelerate the implementation of the announced policy measures.
Japanese Yen continue “hedge paradise” role
After the finance ministers of Group of Seven (G7) at the meeting of the weekend said that the global economy was facing “serious decline”, Japan just yesterday, in accordance published the worst economic conditions in 35 years. But on the weak economic fundamental after yen set aside, by virtue of an identity of “hedge paradise” it remains strong. Analysts point out that, in view of the deteriorating global economic trends in the short term will not change, it is unlikely to weaken the yen.
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