Japan's official tries to calm markets down

Note: This section contains information in English only.
Source: Bloomberg
The Minister for Economic Revitalization of Japan said that the plunge in Japanese share prices should not be a concern as the economy is consistently recovering. The comment came today after Nikkei 225 and Topix indexes fell 7.3% and 6.9% respectively. Japan's officials said that a contraction in China's manufacturing measure could be responsible for a sell-off of equities.
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Thu, 23 May 2013 15:33:04 GMT

Greece might get more time to meet set targets

Jereon Dijsselbloem said that the time period for Greece to meet its fiscal targets might be extended if necessary. He added that the process of fiscal consolidation in Greece is satisfactory, however, the exact characteristics of debt relief will be decided after the official assessment of the country's economy. Estimated public debt in Greece is 173% of GDP this year,

Thu, 23 May 2013 15:11:04 GMT

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