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Japan Negative Interest Rate


February 2016
The bank of Japan, BOJ, announced on January 29, 2016 that the bank will use for the first time in the bank's history a negative interest rate.
Starting February 16, 2016 banks will get for their deposits in the central bank a negative -0.1% interest rate.


Japan Economy Shrink


November 2014
The Japanese GDP shrank in the third quarter of 2014 by 1.6% surprising the analysts' forecast of a 2.1% rise.
The current decrease follows a decrease of 7.3% in the second quarter leading Japan into a recession in the third quarter.


Japan Turkey Nuclear Plant Deal


May 2013
Japan and Turkey signed on May 3, 2013 a $ 22 billion deal to build Turkey's second nuclear plant in the city of Sinop along the black sea.
The plant will be built by a Japanese French consortium.
For Japan the overseas nuclear deal is the first since the nuclear disaster in Fukushima plant.


Sony's Annual Loss


April 2012
Sony corporation announced on April 10, 2012 that according to its forecast the net loss for the year ending March 31, 2012 would result in about $ 6.4 billion, the worst result in the last 22 years.
Sony is expected to fire 10,000 employees, about 6% of its workforce.


Japan's Downgrade by S&P


April 2011
Standard & Poor's downgraded on April 27 Japan's sovereign rating outlook from stable to negative.
S& P's downgrade which is the first since 2002 follows concerns about Japan's ability to control its deficit after last month's earthquake.


Japan's Trade Surplus Narrows


December 2010
The ministry of finance released on December 22 trade statistics comparing November 2010 data to November 2009.
Japan's export in November 2010 totaling 5,441.1 billion yen increased by 9.1% compared to the previous November, marking the 12nd consecutive monthly growth.
The import in November 2010 increased by 14.2% resulting in a decline of 55.4% in the Japanese trade surplus.
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