Archive for November, 2010

A strong yen, Japan's economy weakens

“Endaka” in Japanese means the phenomenon, which means “strong yen” and currently the Japanese economy and policy headache. When the yen was up last Friday against the dollar to its highest level in more than 14 years, the Bank of Japan has extended on Tuesday's liquidity supply in the Japanese economy.


Railway strike paralyzes South Korea

For 5 days Strike in South Korea 16,000 unionized railway workers and cripple a large portion of freight traffic. The management of the state railway company Korail indicates that the strike had caused revenue losses totaling $ 4 million. Currently falling due to the strike of about 70 percent of the freight trains in South Korea, there is also passenger restrictions.

Japan Airlines: 10 percent annual interest rate for new credit

Ailing airline Japan Airlines. JAL has to pay for the loan an extremely high annual interest rate of 10 percent. In 2008, JAL had their interest only loans with 1 to 2 percent and the agreed interest rate now exceeds even the current market rate for emergency loans from 8 percent.The bridging loan is not backed by government guarantees and the extraordinarily high rate reflects the pessimistic assessment of the financial world in terms of JAL.

Eco-points above Japan's consumer demand

Since mid May this year, given the Japanese consumer when buying certain electrical appliances' eco-points “which they can exchange for other products and services. The program is under the government of Taro Aso has been launched to promote sales of energy-saving air conditioners, refrigerators and television sets, and thereby contribute to environmental protection and at the same time to bolster the economy.

In China, the booming car market

While difficult to do Other fairs to find exhibitors – for example, was in Tokyo this year, the only German manufacturer BMW – reports the Guangzhou auto show new record figures for the number of models on display and the exhibition area. With 670 companies represented, it is close to Frankfurt's heels.

Popular destination for South Korea

South Korean tourism sector is the first time in nine years, again a visitor income. Thanks to the weak won, the number of tourists who paid a visit to South Korea, at the same time, the number of South Korean outbound travelers. Until yesterday, Monday was already traveled this year a record number of 7 million tourists to South Korea until the end of year it should be more than 7.

Sony focuses on 3-D

The Japanese electronics giant Sony Expected that 3-D products in fiscal year 2012, more than 1 trillion yen.Change course at Sony?Previously Stringer had put on mainly for cost reductions and reduced 20,000 jobs and closed 10 plants. But last week announced Stringer, thanks to its reach in the entertainment industry, Sony could be the market leader in 3-D sector.