The last time Masao Namiki bought machinery for his company, Emperor Hirohito had just died, Japanese investors took the Rockefeller Center as a trophy, and a new central bank chief was about to prick the bubble economy. It was 1989.
Prime Minister Shinzo Abe’s drive to revise Japan’s pacifist constitution for the first time risks alienating voters who support his economic agenda and dividing his coalition government before July elections.
Martin Schulz, president of the European Parliament, and the finance minister of Germany’s North-Rhine Westphalia call for an effective bilateral tax treaty with Switzerland as a prerequisite for a necessary EU- wide rule.
Greek Prime Minister George Papandreou aims to force opposition parties’ hands by calling a referendum on the latest European Union bailout effort, Martin Schulz, floor leader of the Socialists in the European Parliament, said in an interview with Der Spiegel.
Emerging stocks declined to a four- month low as U.S. jobs data missed forecasts and the threat of a bird flu epidemic sent Chinese airlines tumbling. The MSCI BRIC Index dropped 10 percent from this year’s peak.
European Parliament member Martin Schulz said he sees “the beginning of the end of Britain’s membership” of the European Union following the summit in Brussels, the Stuttgarter Zeitung reported, citing an interview.