AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Japan economy finally bottoming
It's not falling, but it's not gaining strength either. Business confidence stopped falling in March for the first time in five quarters, but remained weak. The Bank of Japan's tankan survey of large corporations came in at -38, unchanged from Dec. but below analysts' expectations.
Euro, pound swell on Mideast ills
The euro rose 1.01 cents to 88.04 cents. While trading was thin due to a European holiday, sellers ganged up on the buck amid mounting tension in the Middle East. The British pound and Swiss franc also rose. And crude oil rose 57 cents to $26.88 a barrel.
But the yen weakened to 133.34 to the dollar from 132.69 on the weak tankan survey.
Japan deposit guarantee runs out
Guarantees on big savings deposits in Japan's banks were rolled back. The government now guarantees only up to 10 mil yen ($75,000) per deposit should a bank collapse. The April 1 deadline has already sparked a rush in Japan into gold.