Japan: One year after the quake and tsunami
News On Japan via 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.
|| Crown Princess Masako turns 50, in recovery process |
| || In a written statement issued for her 50th birthday Monday, Crown Princess Masako pledged to continue efforts to overcome a stress-induced illness that she has been dealing with for 10 years. (Kyodo ) |
|| OLs also profiting from illicit photo sessions |
| || Tokyo Metropolitan Police in November announced the bust of a studio for allowing photography of school girls in seductive poses. According to Shukan Jitsuwa (Dec. 19), the trade in illicit private photography is varied, with office ladies among those in the biz. (Tokyo Reporter) |
|| Mother, three youths arrested over robbery in Kanagawa |
| || Kanagawa prefectural police said Friday they have arrested four individuals in Ebina, in connection with a robbery case in which a pregnant woman on her way home was struck in the face and robbed of approximately 100,000 yen in cash. (Japan Today ) |
|| Kobe light festival starts |
| || An annual light festival commemorating a major earthquake 18 years ago has opened in the western Japanese port city of Kobe. (NHK ) |