Japan: One year after the quake and tsunami
CNN -- Mar 09
The Japanese economy and stock market are slowly on the mend. Japan's government reported Thursday that gross domestic product shrunk at an annualized rate of 0.7% in the fourth quarter, a revision from the 2.3% contraction that was originally reported.
While that's obviously still not fantastic news, there are increased hopes that rebuilding efforts in Japan will lead to economic expansion again in the first half of this year. Japan's benchmark Nikkei 225 (N225) index, meanwhile, has rebounded sharply from post-disaster lows. The Nikkei is up 20% from its 52-week low in November.
But the Nikkei is still about 6% below the level it was at on March 10, 2011. By way of comparison, the S&P 500 (SPX) is up 5% during the same time frame.
|| Population declines for 3rd straight year |
| || The nation's population has slipped for the third straight year to a 13-year low, the Internal Affairs and Communications Ministry said Tuesday. (The Japan News ) |
|| Mizuno apologizes for ball defect in pro baseball |
| || Japan's professional baseball league was facing another ball scandal Tuesday as sports equipment giant Mizuno apologized for a defect that turned the nation's top sport into a slugfest. (Japan Today ) |
|| Anne Frank vandalism suspect to face psychiatric test |
| || Tokyo prosecutors plan to look into whether a man, who has been arrested for allegedly vandalizing copies of Anne Frank's diary, is mentally competent to be held criminally responsible for his actions, informed sources said Wednesday. (Jiji Press ) |
|| Hakamada makes first public appearance as reprieve pends |
| || Apparently perplexed but thrilled to find himself in the spotlight, Iwao Hakamada, formerly the world's longest-serving death-row inmate, made his first public appearance Monday in Tokyo since being released from prison and hospitalized. (Japan Times ) |
|| 3 family members, one relative found dead in Aichi |
| || Aichi prefectural police are investigating a possible link between the discovery of the bodies of a husband and wife and their eldest son, and the body of a male relative of the deceased family who was found hanging by his neck in a hotel. (Japan Today ) |
|| Body of missing worker from Okinotori atoll accident found |
| || The body of one of two missing workers who died on March 30 after a floating pier overturned while being unloaded from a barge during construction work on a remote rocky atoll, was found on Sunday, the coast guard said. (Japan Today ) |
|| 600 million dreamers |
| || Mickey Mouse and friends celebrate the 600 millionth visitor to Tokyo Disney Resort's two theme parks (The Japan News ) |