Substantial Drop in Asian Shares

 

Recent world events – New Zealand earthquake, Japan’s credit rating downgrade and continued Middle East and Libyan unrest – led to a significant drop in stock markets across Asia.  For example, South Korea’s Kospi, the Nikkei 225 stock and Hong Kong’s Hang Seng index all plummeted around 2 percent.  As well, Japan had trouble dealing with its huge debt following Moody’s Investors Service downgrading its outlook for the country’s credit rating, citing “increasing uncertainty” over Japan’s capacity to effectively deal with rising debt.  This doesn’t spell good news for the country which only last month had its sovereign debt rating cut by Standard & Poor.  Australia, China, Singapore and Taiwan are currently in the same boat vis-à-vis stock markets. The only good news for the region of late has been the increase in oil prices.

 

Council for Science and Technology Has Selected 8 Priority Areas

Japanese Government Council for Science and Technology (and former Prime Minister Naoto Kan, president ) on Wednesday selected 8 key strategy areas of science and technology in particular to focus on as part of a budget allocation request “action plan.”  One of them is the 100,000 genome ( genome ) to help decode the prevention of disease “research Genomukohoto “ with the current emphasis on life and health. Another area of focus is the environmental field of long lasting fuel cell development.

This development plan adopted by the cabinet in June is the first attempt to realize a new growth strategy A decision will be made soon at the plenary session in order promote concrete policies and budget requests to the ministry efficiently .

The Genomukohoto study takes about 20 years to register 100,000 people who wish to track the health status and to develop prevention methods against diseases such as dementia and strokes while using genetic information to decipher preventative methods.