Japan shows first signs of recovery after March's earthquake

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP

Japan's GDP grew first time after March's earthquake; the indicator was up by 1.5% in Q3. However, analysts fear the growth is not sustainable because of strong yen and global fiscal problems. Moreover, floods in Thailand impacted Japanese supply chain thus affecting the recovery after slowdown.  Exports are also likely to fall thus hindering Japan's recovery, said Yamamoto.

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Mon, 14 Nov 2011 09:58:46 GMT

APEC striving for unified regional economy

On Sunday the officials of Asia-Pacific Economic Cooperation (APEC) summit presented a Honolulu Declaration according to which they are pledged to create a unified regional economy. Declaration emphasized that global challenges have strengthened APEC members' willingness to cooperate. According to APEC leaders, trade liberalization will play a key role in global recovery.

Mon, 14 Nov 2011 10:12:53 GMT

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