China Warehouse- More Than Crockery Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (4263)	1/27/2005 7:08:02 PM
From: RealMuLan	Read Replies (1) of 6370

Japan's Takenaka Says Chinese Economic Presence to Grow Jan. 25 (Bloomberg) -- Japan's Economic and Fiscal Policy Minister Heizo Takenaka said China's economic growth will have increasing importance for the Japanese and global economies. ``For the Japanese and world economies, the increasing presence of China is remarkable,'' Takenaka told reporters in Tokyo, adding that China's impact ``is only going to strengthen.'' China has been curbing investment to try tempering growth in Asia's second-largest economy and Japan's No. 2 export market. The economy probably expanded 8.9 percent in the October-to-December quarter, the slowest pace in more than a year. China's major trading partners are hoping Chinese efforts to control investment won't cause the economy to slump. Separately, Takenaka said the possibility of raising Japan's 5 percent sales tax was an issue that would be discussed. Prime Minister Junichiro Koizumi told parliament yesterday government should consider using the consumption tax to help finance pensions and social security. The leader has said he won't raise the tax while in office and plans to step down by September 2006. ``Concerning the fiscal year 2007 onwards, there are many possibilities to discuss, whether it's necessary to raise the consumption tax or whether we can reduce our budget,'' Takenaka said. The Japanese government is searching for ways to cut public debt. The debt level could reach 1.9 times nominal gross domestic product in seven years unless policy makers curb spending and spur economic growth to raise revenue, the Cabinet Office said on Jan. 20. The world's second-biggest economy already has the highest public debt load among nations in the Organization for Economic Cooperation and Development. bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next