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ANNUAL ECONOMIC HEALTH CHECK
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Japan's Economy Is Slowing, But Soft Landing Expected
Banking sector has withstood global financial market wildfires
Further fiscal consolidation will likely require revenue measures
Steps taken to improve disclosure in financial system
Japan's economy has shown resilience to recent external shocks but is nonetheless slowing, the IMF says in its latest annual economic review of the country.
In its yearly Article IV consultation with Japan, the IMF says that the banking sector has withstood the worst of the global financial market wildfires that have swept across the globe in the past 12 months, and the economy has shown resilience to surging commodity prices. While consumer and business confidence have declined, activity remained robust through the first quarter of 2008, aided by strong exports to emerging markets.
Timely liquidity provisions by the Bank of Japan (BoJ) and the financial sector's limited subprime exposure also helped to cushion the effects of global financial pressures.
Most recently, however, activity appears to be slowing in line with decelerating global growth and the deteriorating terms of trade. The IMF projects GDP growth to moderate to about 1 ˝ percent in 2008-2009, reflecting weaker business investment and private consumption. Such growth is slightly less than potential, and below the 2 percent average during 2003-2007.
Headline inflation has climbed in recent months to 2 percent, but underlying inflation (stripped of food and fuel prices) is still about zero and wages remain sluggish.
Source:(IMF Web Site)
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Posted by Sam on Tuesday, July 29 @ 16:34:36 MST (149 reads)
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Price Surge Driving Some Countries Close to Tipping Point—IMF
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Food and oil price surge hurting poorest countries the most
IMF study shows some countries at a tipping point
The impact of surging oil and food prices is being felt globally but is most acute for import-dependent poor and middle-income countries confronted by balance of payments problems, higher inflation, and worsening poverty, a new IMF study warns.
Global approach needed
"If food prices rise further and oil prices stay the same, some governments will no longer be able to feed their people and at the same time maintain stability in their economies. They need good policy options and they need help from the international community. Their challenge is ours. It is to ensure adequate food supplies while preserving the poverty-reducing benefits derived in recent years from faster growth, low inflation, and better budget and balance of payments positions."
Source:(IMF Web Site) Read more at IMF
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Posted by Sam on Tuesday, July 01 @ 11:01:27 MST (167 reads)
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Biotech Industry Feasibility Study-China
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Why China
China’s biotech and pharmaceutical is growing fast and has become the fourth largest over the counter (OTC) market in the world. Foreign enterprises have been closely monitoring the expanding market. Merck announced the launch of program in China in September 2003. Roche listed China as one of its 10 core OTC markets, with the aim of growing its drug sales by 50% in the next five years and reaching 1.3 billion in 2008. Novartis is expanding its market share in China, and Wyeth has also entered market.
Industry environment has been transformed for the better over the last 10 years. Entry to the WTO has brought a stronger patent system, medical insurance is now more widespread, and pharmaceutical-related regulations have been stiffened. China is reportedly expected to become the fifth largest pharmaceuticals market in the world by 2010.
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Posted by Abi on Saturday, June 28 @ 00:28:26 MST (169 reads)
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Prepaid Debit Card Opportunity In Country INDIA
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Banking Industry In India
India experienced a surge in retail banking. There are various pointers towards this. Retail loan is estimated to have accounted for nearly one-fifth of all bank credit. The retail loan market has decisively got transformed from a sellers’ market to a buyers’ market.
Today’s retail banking sector in India is characterized by three basic characteristics:
- Multiple products (deposits, debit cards, credit cards, insurance, investments and securities);
- Multiple channels of distribution (call centre, branch, Internet and kiosk); and
- Multiple customer groups (consumer, small business, and corporate).
Retail banking in India is not a new phenomenon. It has always been prevalent in India in various forms. For the last few years it has become synonymous with mainstream banking for many banks.
The typical products offered in the Indian retail banking segment are housing loans, consumption loans for purchase of durables, auto loans, debit cards, credit cards and educational loans. Debit & Credit card is another rapidly growing sub-segment of this product group.
For current rules & regulation visit: Reserve Bank Of India
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Posted by Abi on Friday, June 27 @ 23:52:03 MST (541 reads)
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Comparison Of Product & Service In Different Ethnic Community
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Overview
In this article we would present the comparison between three different grocery store located in and around California. The idea is to provide comparison of the product and services offered by three different grocery stores with different ethnic background. We will compare between Albertson with American background, 99 Ranch with Chinese background and Super Irvine & Generalized Indian grocery stores with Persian and Indian background.
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Posted by Abi on Friday, June 27 @ 23:33:58 MST (187 reads)
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Knowledgebase for Kids at eWizKid.com | |
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