The European Central Bank (ECB) is responsible for monetary policy covering the 16 member States of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany. Read more
Category: The Economy (page 3 of 6)
A sharp downturn in business investment and global demand for Japan’s exports in late 2008 pushed Japan further into a recession. Japan’s huge government debt, which totals 170% of GDP, and the aging of the population are two major long-run problems.{rss items=”5″}http://www.bing.com/news/search?q=%22Japanese+economy%22+news&go=&form=QBNR&format=rss{/rss}
Japan’s Current Account Balance:
$187.8 billion (2008 estimate)
country comparison to the world: 3
Japan’s main export partners:
US 20.4%, China 15.3%, South Korea 7.6%, Taiwan 6.3%, Hong Kong 5.4% (2007)
Exports: $776.8 billion f.o.b. (2008 estimate)
country comparison to the world: 5
Exports – commodities: transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals
Japan’s primary import partners:
China 20.5%, US 11.6%, Saudi Arabia 5.7%, UAE 5.2%, Australia 5%, South Korea 4.4%, Indonesia 4.2% (2007)
Imports: $696.2 billion f.o.b. (2008 estimate)
country comparison to the world: 6
Imports – commodities: machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials
