Japan Machinery Orders Dive as Recession Looms.

Japan's core private-sector machinery orders tumbled 14.5 percent in August, four times more than expected, in a bad sign for capital spending as the nation's economy spirals toward a recession.

Tokyo stock prices failed to gain ground despite Wednesday's joint interest rate cuts by central banks around the world, with worries about the financial crisis and global economy dominating.

A day after the Nikkei plunged 9 percent, Japanese Prime Minister Taro Aso instructed senior ruling party officials to consider a new emergency package to cope with the global financial uncertainty, Kyodo news agency reported.

Comments

Popular posts from this blog

Do you want to get into Goldman Sachs?

Financial Advice for Fresh College Grads

Is Diversification A Strategy Of The Past?