Posts Tagged ‘ Japan ’

North Korean’s Kim Jong Il’s Death Sends Asian Stocks Tumbling

December 19, 2011
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The shocking death of North Korea’s leader has sent Asian stocks tumbling, deepening concerns regarding the financial market. Kim Jong Il’s death was announced last night in Pyongyang, the North Korean capital. Stability in the region has been compromised, and the reclusive regime will now undergo a major change in leadership. South Korea’s Kospi index initially fell 4.1%, but later regained to trade 3.1% at 1,782.50. The won also slid 1.6% against the dollar. Aside from that common safe...

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Japan’s Finance Minister Elected as Head of Democratic Party

September 8, 2011
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Japan’s finance minister Yoshihiko Noda has been elected as the head of the ruling Democratic party, and is likely to soon become the country’s next prime minister as well. Japan’s next prime minister will undoubtedly inherit the region’s financial situation as Europe’s crisis deepens and economies across the globe struggle to stabilize, as well as the resurgent yen, new energy policies, the nuclear crisis and the rebuilding of the devastated northeast coast. A political analyst in Tokyo, Hiro Katsumata,...

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Tamil Nadul: Industrial Hub

July 28, 2011
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Tamil Nadul: Industrial Hub

Making it Big for the Japanese It seems that Tamil Nadu (located on the Coromandel Coast of the Bay of Bengal in India), might be getting industrial hub status for Japan.  According to an article in IBN Live, various Asian companies have been “growing four-fold in the state during the last five years and plans are underway to set up an industrial township in Mahabalipuram.” Omega Project Right now, around 70 percent of the land has been acquired.  According...

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Asian Mega Wealth

June 5, 2011
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Rich Get Richer in China It seems if you want to go where the wealth is, China is where it’s at. Today there are over a million millionaires living there; financial growth having escalated in the last year, alongside a thriving currency. Statistics from a BCG Global Wealth Survey show an increase in China of 31 percent of millionaires to 1.11 million from the previous year, placing China “in third place for millionaire households.” In addition, in worldwide figures,...

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Awesome Asian Achievements? Coming Soon

May 8, 2011
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Asian Job Creation Scheme The economic climate and job potential in Asia is about to get a kick-start. A group of economic development officials led by Gov. Bob McDonnell just set out on an “11-day job creation and economic development marketing mission,” to China, Japan and South Korea at an estimated cost of $278,000. This scheme will be financed by taxpayers. He is being joined by Jim Cheng, Secretary of Commerce and Trade, Todd Haymore, Secretary of Agriculture and...

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Foxy Financial Females?

April 28, 2011
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Are Asian Women Financially Savvy Today? Years ago the answer for sure would have been a resounding “no.” But today things are somewhat different. It seems that women in Asia (especially those married, 30+, in the workforce) know their won from their yen and their level of competence is likely to increase further “especially among the younger generation.” For example, women from Thailand topped financial planning (87) and investment (69.3) scores for financial literacy but Vietnamese women also did...

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Japan Causes Toshiba Tension

April 24, 2011
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    Japan’s crisis has led to a downturn in Toshiba investment.  According to one of the corporation’s American partners (NRG Energy), there will be no additional investment in a Texas nuclear power project, due to the “Japanese nuclear plant” crisis.  There was the intention of developing a further two reactors near Houston but now David Crane, the company’s president has said that the recent crisis created “multiple uncertainties around new nuclear development in the United States which have...

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Malaysia Strong Asian Investment Opportunity

April 21, 2011
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Malaysia: Major Asia Asset Just two days ago a $3.7bn investment announcement came from Malaysia, set to “to jumpstart foreign interest in its economy even as other Asian countries try to stem speculative inflows in search of higher-yielding markets.” The country’s Prime Minister (Najib Razak) intends to try and get $444bn worth of investments resulting in Malaysia becoming a “developed country by 2020,” including $165m by Asia Media to create digital media infrastructure as well as the establishment of...

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Japanese Properties to Quake?

April 12, 2011
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It was bad enough that the whole of Japan was totally shaken up in more ways than one because of the tsunami disaster, but now it seems like the same is going to happen to what remains of its real estate market. Perhaps not surprisingly, companies are now reported as being “cautious” vis-à-vis the country’s property market although they are trying not to enter into drama-panic mode. As Prudential Real Estate Investors Chief Executive J. Allen Smith put it,...

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Earth Hour Good for Japanese Morale

March 27, 2011
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Earth Hour took place on 26 March between 8 30 and 9 30 pm.  It is a time when people around the globe turn off their lights and make a “commitment to actions that go beyond the hour.”  According to the Earth Hour website, this year “our thoughts are with the people of Japan during this incredibly challenging and sad time for their country.” Origins of Earth Hour Earth Hour first emerged in Australia in 2007 as a way...

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