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.
|| Kashiwa stabbing suspect's identity: 'celeb NEET' |
| || The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times ) |
|| 24-year-old man arrested over knife attacks in Kashiwa |
| || Police in Kashiwa, Chiba Prefecture, on Wednesday night arrested a 24-year-old unemployed man over four knife attacks within 10 minutes that left one man dead and three others injured on a street. (Japan Today ) |
|| Japan teen girl group AKB48 invites mature applicants |
| || Japanese commercial music juggernaut AKB48 is looking to build on its wildly successful all-girl group by adding a more mature member to its teen-dominated line-up, an advert released Wednesday said.
(digitaljournal.com ) |