TITLE

Putting On The Brakes

AUTHOR(S)
Caryl, Christian
PUB. DATE
November 2005
SOURCE
Newsweek (Pacific Edition);11/7/2005 (Pacific Edition), Vol. 146 Issue 19, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on Japan's economic conditions. In Japan, corporation profits are up, households have been buying more consumer products and Tokyo real-estate prices have moved into positive territory. These signs signal an end to deflationary woes that have characterized Japan's economy for more than a decade. However, a battle has developed between Toshihiko Fukui, governor of the Bank of Japan, who wants to raise interest rates, and the government of Japan Prime Minister Junichiro Koizumi and the Ministry of Finance, who fear increased interest rates will kill Japan's economic revival.
ACCESSION #
18791479

 

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