Kaoru Yosano

2 Stories

Japan May Buy Stocks to Rescue Tanking Market

Government prepares to act as indexes hit 26-year low

(Newser) - The Japanese government said today that it might intervene to prop up the stock market, as the country's two main indexes approached their lowest levels in 26 years. The continued decline of the Nikkei and Topix—down 18% this year alone—has endangered Japan's banks, which hold a substantial amount... More »

Japan Sinks Into Recession

Economic downturn could last a year

(Newser) - The financial crisis rippling through the global economy has claimed another casualty as Japan has slipped into its first recession in seven years, Reuters reports. Third quarter statistics reveal a 0.1% contraction in Japan's Gross Domestic Product. Japanese economists warn the nation could languish in recession for an entire... More »

2 Stories