Japan plays third fiddle to China and US
Japan has fallen behind China as the world’s second largest economy following a Q4 GDP contraction.
Japan
-
-
Fund managers see US default as bigger risk than European
The risk of a municipal default in the US is a bigger risk than a sovereign default in Europe.
-
Prudential to discontinue insurance operation in Japan
UK insurance giant Prudential said it will discontinue writing new business in Japan, effective next month, citing the “local business environment in Japan and other factors over the past year”.