TOKYO: The Tokyo government gave a bleak assessment of Japanese company profits yesterday after Federal Reserve chairman Ben S. Bernanke said the chief threat to US recovery from recession was a lack of political will.
Despite grim news from Japan, world stocks climbed strongly boosted by news from Britain’s Barclays that it had enjoyed a strong performance so far this year, echoing comments made last week by executives of major US banks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!