China Financial Daily

February 15, 2009

Japan intends to introduce economic stimulus package

Filed under: Financial News — Tags: — Nancy @ 10:11 am -0800

Japan may will introduce about 109 billion U.S. dollars for economic stimulus measures
Hexun hearing the news, according to “Business Week” on February 15th it is reported, Japan is considering further economic stimulus measures to provide the massive new funds to improve the economic situation fighted against by recession. It is reported that the amount of Japanese economic stimulus measures involved could be as high as 10 trillion U.S. dollars, or about 109 billion U.S. dollars. The Japanese government will launch a new economic stimulus measures is no means accidental the news. It is understood that as the world’s second largest economy, because of the global economic downturn, a sudden reduction of the demand and a variety of factors, it was impacted.

Japan intends to introduce economic stimulus package with more than one trillion U.S. dollars-scale
On February 15th, as soon as possible to prevent further deterioration of the economy, the Japanese government and the ruling party on the 15th will introduce to determine the additional large-scale programmatic approaches to stimulate the economy. According to Japan’s Kyodo news agency, it is reported that the government is expected that the program of financial expenditure will have 15 trillion to 20 trillion yen, in which the overall size will be more than 100 trillion yen (more than one trillion U.S. dollars).

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British media cited the financial crisis

Filed under: Financial News — Tags: — Nancy @ 10:08 am -0800

British media cited the financial crisis in seven which commercial banks in transition investment bank were at the top
Hexun hearing the news, according to the United Kingdom on February 15th, “The Guardian” reported that in the past few years, the credit market and stock markets has led to prosperity, which led traditional commercial banks including Royal Bank of Scotland and HBOS increase operational risks, and ultimately, became the victim of global financial crisis. The following seven points, that is, the “seven sins” which caused financial crisis.

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British Prime Minister

Filed under: Financial News — Tags: — Nancy @ 10:07 am -0800

British Prime Minister to save the market, the consultants had been paid 42 million U.S. dollars by Citigroup, which atriggered controversial
February 15 news: according to foreign media reports on February 15th, British Prime Minister Gordon Brown (Gordon Brown) introduced last year the bank rescue package, in which the contribution of many consultants can not be left unrecognized. One of the consultants is the former Citibank executive on Wall Street, who has gotten the 42 million U.S. dollars reward before left the United States. In the months after his departure, Citibank accepted a huge financial assistance from the U.S. government. After this news it triggered a burst of extensive controversy.

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