For two days in a row last week fluctuations in the Nikkei index exceeded a thousand points. In today's installment, we asked LOOK Research Institute senior economist Koji Takeuchi MIZUHO comment of the recent volatility in stock prices in Tokyo and comment on the prospects for the future.
First, as said Takeuchi, stock prices have grown at a very rapid pace. As for the index Nikkei, then the players in the market had expected at the end of this year it will reach 16,000 points. Since the Nikkei has almost reached this level, it is, according to Takeuchi, said that the market is overheated. May 22 when the dollar temporarily reached 103 yen, the yen decline has stopped. According to Takeuchi, this was another reason for the sale of the shares.<
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According to the minutes of the Board of Directors of the Bank of Japan, not all of its members agree with the forecast of the central bank to achieve a two-percent inflation rate within a specified time limit.
On Monday, the Bank of Japan published the minutes of the Board of Directors, which was held in late April.
According to the protocol of the 9 members of the Board of Directors of the bank, most consider it possible to achieve by the end of that two-year period, namely, for the fiscal year 2015 inflation target of about 2%.
As announced on Monday, the Nuclear Regulatory Commission of Japan, it is temporarily classified the recent leak of radiation in a research lab as a failure of the first level. On the international scale of nuclear accidents and radiological events classified levels from 0 to 7.
Leak occurred on Thursday in the laboratory of Japan Atomic Energy Agency in Ibaraki prefecture north of Tokyo. At least 30 people were exposed to radiation.
The Commission reported that the radiation leak will not affect the country's population.
The operator of a nuclear facility in the village of Rokkasho in Aomori Prefecture in northern Japan completed all the tests before the start, but it is unclear when the facility will be used for commercial purposes.
This object reprocessing owned by Nihon Gennen. The company says that it has successfully completed all tests required in order to let the object into operation.
The final test began on May 8 and ended on Sunday. Its purpose was to secure a glass melting furnace which is used for solidification of waste water with high radiation levels.
Japanese opposition leader took back his words and apologized to them for that high-ranking officer of U.S. forces in Okinawa council institutions enjoy the adult entertainment industry. This is his statement provoked a mixed reaction.
On Monday, speaking at the Foreign Correspondents Club of Japan in Tokyo, one of the leaders of the Party of the restoration of Japan Toru Hashimoto touched his series of controversial statements that have caused widespread criticism within the country and abroad.
Hashimoto told reporters that he would urge the U.S. forces in Japan to strengthen the disciplin
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Sales of restaurant chains across Japan fell in April compared with the same period last year.
Japanese Association of food service said on Monday that sales of 213 restaurants operators fell compared with the same month last year to 0.3%. This is the first drop in sales year on year to 2 months.
The association says it heavy rains in early April, which forced people to stay home.
She says that consumers still prefer to order cheap meal
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Chief Cabinet Secretary of Japan Esihide Suga criticized remarks Premier Li Keqiang, who said that Japan should return to China all the territories which she had stolen.
Suga told this correspondent on Monday after the Sunday Lee made this statement in Potsdam near Berlin.
Suga said in a statement, Lee ignores history. He also said that if his words referred to China's claims to the Senkaku Islands, they are completely unacceptable for Japan.
Representatives of the Met Office in Japan reported that the three south-western parts of the country began the rainy season.
On Monday, they reported that the seasonal characteristics of the front and low pressure indicates the occurrence of the rainy season in parts of Kyushu, Chugoku and Shikoku.
Depending on the region it is from 4 to 11 days earlier than average.
Fears of further stock price declines have led to the fact that on Monday during the hours of the morning trading in Tokyo, there was a collapse in stock prices of firms entire spectrum of industries.
The key Nikkei index temporarily lost more than 580 points.
From the start of trading orders were made on the sale of shares of a wide spectrum. This is due to fears of continued volatility in prices after the end of trading last Thursday Nikkei recorded the most significant drop in 13 years.
Early in the morning on Monday, Japanese Prime Minister Shinzo Abe has returned home after a visit to Myanmar. It was the first visit by the Japanese government in this country of Southeast Asia for 36 years.
On Sunday, Abe met with President Thein Sein in the capital Naypyidaw Myanmar. After the summit, the two leaders issued a joint statement in which it said that the public and private sectors in Japan will assist in the democratization and economic development of Myanmar.
Both leaders confirmed in a statement that the government of Myanmar will continue efforts to address various issues
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