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Author:Healy, T.
Title:A wild ride in 1995
Journal:Asiaweek
1995 : DEC 22-29, VOL. 21:51, p. 72-74
Index terms:JAPAN
COMPANY REPORTS
INVESTMENT
Language:eng
Abstract:All of Asia felt the rise - and the fall - of Endaka. For Japan, the Year of the Boar felt more like the Year of the Loon - as in wild. The yen soared. Then it began to fall back as the Bank of Japan and other central banks intervened. A trade war with the U.S. was only narrowly averted in June. Unemployment reached new heights. A mountain of debt weighed down banks and credit unions. A real-life earthquake that razed Kobe and nearby towns did not help. GDP growth for 1995, Japan's fourth year of recession, will likely be 1 %.
SCIMA record nr: 142177
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