Expectations take the Japanese Economy top

Hi Friends!!

Seems Japan has relieved from the G7 meeting and is relax now. In the Past few days everybody were worried about the yen and its status. The Yen was very weak in the past and the Japanese Government was so worried thinking that if it continues its weakness it may become a hot topic in the G7 Meeting, but the G7 nations were silent and didn't lay any burden on the Yen which was already weak.

But now seems Yen has realized its position and is doing well in the Currency Market.

Herez the Good News!!!

Above all else, there is some good news for the Japanese people and the whole world as well. There are expectations that the Bank of Japan is going to raise its interest rates. This possibility occurred when the fourth quarter Japan’s GDP (Gross Domestic Product) figures showed that Japanese economy grew at very fastest pace in just about three years.

Well the Japanese economy in the last year 2006 from October to December grew by 1.2%. Now it has risen by 4.8% growth making it a highest in virtually three years.

Since everybody is happy listening to this news!! The Yen was also happy and why it shouldn’t. The Yen responded brightly to the data and immediately rose to Y119 against the dollar and Y157.74 against the Euro. Apart from the currency, we have seen the commodities also rising. The data sent the Nikkei 225 to seven-year high.

My Comment

In my opinion, only if expectations show a good deal of extreme growth, what a tremendous growth we can see if the expectations turns out to be true .Lets hopes that this expectations turns out to be real.

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