Japan's benchmark Nikkei index jumps on Abe's stimulus package, other key indexes in Asia fall

  • Article by: PAMELA SAMPSON , Associated Press
  • Updated: January 11, 2013 - 3:05 AM

BANGKOK - Japan's Nikkei stock index jumped Friday after Prime Minister Shinzo Abe announced a massive spending package intended to breathe life into the country's moribund economy. But stock markets elsewhere were lackluster.

  • 2
  • Comments

  • Results per page:
  • 1 - 2 of 2
cks1950Jan. 10, 13 1:06 PM

Business, in contrast to the profligate spending by government, cut spending & got lean & mean during this long recession & it's paid off for them these last few years. I remember all the liberals posting in this paper who criticized business for not opening up the purse strings & spending like irresponsbile politicians. If they had, business would be on it's way to being in as bad of shape as the government. Now, as the prudence of business is paying off for them, liberals will asign credit for this to President Blame & other liberals instead of giving credit where credit is due which is to business & business alone.

0
1
hittodeadJan. 11, 13 4:24 AM

cks1950: I don't recall "liberals" clamoring for more spending by business on this comments board. I do recall some of us wanted greater stimulus spending by government to more quickly speed the recovery. Far from being "profligate", what little stimulus spending Obama was able to get Republics to approve is now widely seen as a key factor in helping us to turn the corner on the recession, and had there been more of it it would have happened sooner. Sadly, people like you who are blind to economic realities are still clamoring for austerity, which by now has been proven in Europe to lead only to depression-level suffering and even greater economic stagnation. Japan's move to spend more on their infrastructure is the right one; we should do the same.

0
0
  • 1 - 2 of 2

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT