| Home
Banks lend less in Japan
St Petersburg News.Net
Monday 8th February, 2010
Japanese bank lending has slid in its biggest annual fall in more than four years.
The January figures have shown that companies stayed away from borrowing for capital investment purposes.
The Bank of Japan has warned the economy will linger in the doldrums until the middle of the year before it experiences a more sustainable recovery.
The central bank, in December, decided to offer banks more short-term funds to support the economy ahead this year’s elections.
Many analysts expected economic growth to slow early this year, with the Japanese government suspending some public works projects in order to institute new policies.  Email this story to a friend
Have your say on this story
|
 |
 |
- India, Russia cooperating to rehabilitate Afghanistan, says envoy
Just hours before the arrival of Russian Prime Minister Vladimir Putin here on a two-day visit, the country's Ambassador to India, Alexander Kadakin, briefed ANI TV on a number of issues, both of bilateral and regional importance. [read story]
- Putin to arrive in India on two-day visit today
Russian Prime Minister Vladimir Putin will arrive here today on a two-day visit during which both sides are likely to conclude the long- delayed agreement on the sole of the aircraft carrier Admiral Gorshkov. [read story]
- Hungry people unable to get through corruption for UN food
A United Nations report, which is still to be released, has found that up to half the food aid in Somalia is diverted to corrupt contractors, local UN workers and Islamic militants. [read story]
- Threat on Internet leads to school lockdowns
A number of schools in the US were closed down on Wednesday after posted on a social networking site. [read story]
- Officials take whale meat of restaurant menu
Federal prosecutors in the US have charged the owner of a California restaurant over alleged sales of whale meat, which was labelled sushi. [read story]
|
|
 |
 |
|
|
