@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Political Gridlock & Tokyo Stocks

Posted by iBlog on July 5, 2008

Japan is the world’s second largest economy. In 2008, the Nikkei Stock Average is down 19% for the year. Economist’s comment that the 19% drop of the Japan’s dollar’s steep decline would help the United States reduce its huge trade deficit and eliminate the United States $2 billion dollar a day addiction to foreign capital. After falling for the first time since 1995, Japan’s slide has created a host of problems worldwide for both the United States and Japan. In retrospect, the decline could help the United States reduce its huge trade deficit.

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