China Financial Daily

Japanese leading financial institutions in fiscal 2008, had the total loss up to 4 million million yen
Xinhua in Tokyo, on May 6th, according to Xinhua news agency report recently, the major financial institutions in Japan including banks and securities firms, in fiscal 2008 (from April 2008 to March 2009) were determined the amount of loss reached 3.2 trillion yen (about 99 yen for 1 U.S. dollar), and if including the life insurance company, the total loss will reach 4 million million yen. Report said that with most losses was Nomura Group, in a net loss of 709.4 billion yen.

Japanese Prime Minister Aso’s visit to China aimed at the 3G market in China
Japanese Foreign Ministry officials said in Tokyo on 24th, Prime Minister Aso between 29th of this month to 30th visited to China, and will exchange of views with Chinese leaders on issues such as the establishment of a mechanism for the exchange of young entrepreneurs and to strengthen bilateral cooperation in the development of 3G mobile phone technology cooperation. Foreign Ministry officials believed that Prime Minister Aso’s visit to China will maintain high-level dialogue between leaders of the two countries of Japan and China and enhance mutual trust and cooperation.

Japanese new economic stimulus package’s effect keeping the suspense
The Japanese Government recently introduced the new economic stimulus package, “Measures to deal with economic crisis,” amounting to 56.8 trillion yen, in the history of Japan the largest economic stimulus program, which only in fiscal expenditure amounted to 15.4 million million yen. However, whether the program can smooth out the Japanese economy and go out a deep recession mire into the recovery track, the suspense is still present. Due to the international financial crisis, the Japanese economy plunged into deep recession.