Olympic Games in Tokyo can boost the economy

Note: This section contains information in English only.
Source: Bloomberg
Tokyo won the opportunity to host the Olympic Games in 2020. Analysts point out that the Prime Minister's plan to boost the economic growth and end the deflation in the country can become reality. Previous Olympics in Japan, held in 1964, created 150,000 jobs, bringing the total economic affect closer to 3 trillion yen. Olympics in 2020 may have even bigger positive affect on the economy.
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Mon, 09 Sep 2013 18:38:02 GMT

Gold Drops in London amid speculation Fed to reduce stimulus

Gold fluctuated in New York as investors considered signs that the Fed will curb monetary stimulus this month, while Obama attempts to get approval to attack Syria. December delivery bullion advanced 0.1% to $1,388.50 as of 10 a.m. on the Comex in New York, while immediate delivery gold soaked 0.2% in London to $1,388.84.

Mon, 09 Sep 2013 15:46:05 GMT

Osborne supports Carney's plan as borrowing costs rise

George Osborne, the head of U.K. Treasury, supported the plan of the Bank of England's Governor Mark Carney to continue stimulus programs at least till the end of 2016, or while the unemployment is above 7%. Moreover, the yields for 10-year government bonds have risen to a record high 2.96% today that makes the stimulating monetary policy even more attractive

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