ILEA000030378: High oil prices to affect world economic recovery: Greenspan

Japan PM Ishiba holds talks with business leaders

Japanese Prime Minister Shigeru Ishiba (far R) holds talks with (from far L) Takeshi Niinami, chairman of the Japan Association of Corporate Executives, Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, and Masakazu Tokura, chairman of the Japan Business Federation, at the premier's office in Tokyo on Oct. 4, 2024.

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Chairman of the Japan Automobile Manufacturers Association (JAMA) Toyoda at a regular press conference

Toyoda compared the economic impact of the new Corona to the 2008 Lehman shock, saying, "This time, the financial system is relatively sound. But in the Lehman Shock, China was the driving force, supporting the global car market. This time, the impact has spread to the whole world and we cannot expect it to support the market. On the other hand, regarding the current state of the supply chain (parts supply network), he said, "The Great East Japan Earthquake has made us realize how the supply chain is designed to meet Chinese demand, rather than bringing (parts) from China. In general, since the collapse of Lehman Brothers and the Great East Japan Earthquake, production and procurement of parts where they can be sold has progressed one step further than at that time," he said. Regarding the impact on domestic production and sales. (March 19, 2020, Tokyo; Credit: Nikkan Kogyo Shimbun / Kyodo News Images)

Bank of Japan's head office

Photo taken March 16, 2020, shows the Bank of Japan's head office in Tokyo. The BOJ responded to a U.S. Federal Reserve rate cut with a decision to expand its asset-buying program to stabilize financial markets rattled by the spread of the coronavirus. (Kyodo) ==Kyodo

Nikkei Stock Average tops 24,000 yen for the first time in about a year and two months

The market temporarily rose over 600 yen. A partial agreement on trade talks between the U.S. and China and reports of the ruling Conservative Party's advantage in the U.K. House of Commons general election may have had an impact. Some people took pictures of stock prices with their smartphones. Kayabacho, Chuo-ku, Tokyo, December 13, 2019; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

Keidanren chief on U.S.-China row

Hiroaki Nakanishi, chairman of the Japan Business Federation, known as Keidanren, speaks at a press conference in Tokyo on Jan. 7, 2019. The trade conflict between the United States and China has been gradually but steadily hurting the world economy, he said. (Kyodo) ==Kyodo

BOJ chief upbeat on global growth, but cites U.S., geopolitical risks

Bank of Japan Governor Haruhiko Kuroda (R) speaks to reporters in Washington on Oct. 12, 2017, before a two-day Group of 20 financial meeting starts later in the day. Kuroda expressed optimism about the world economy, but cited U.S. economic and monetary policy and geopolitical tensions as risk factors to otherwise steady and accelerating global growth. (Kyodo) ==Kyodo

Japanese business leaders stress need for pay hikes

TOKYO, Japan - Japan Business Federation Chairman Yasuchika Hasegawa (L), Japan Association of Corporate Executives Chairman Sadayuki Sakakibara (C) and Japan Chamber of Commerce and Industry Chairman Akio Mimura clasp hands at a New Year's party in Tokyo on Jan. 6, 2015. They echoed Prime Minister Shinzo Abe's call for pay hikes for company employees he made as a guest speaker. (Kyodo)

Japan and U.S. to launch joint research on methane hydrate

TOKYO, Japan - (From L to R) Hirobumi Kawano, president of Japan Oil, Gas and Metals National Corp., Japanese Economy, Trade and Industry Minister Yoichi Miyazawa, U.S. Ambassador to Japan Caroline Kennedy and Christopher Smith, principal deputy assistant secretary for fossil energy at the U.S. Energy Department, pose for a photo in Tokyo on Nov. 6, 2014, after signing documents to launch joint research into the development of methane hydrate, an energy source also known as burning ice. (Kyodo)

Dollar hits 115 yen for 1st time in 7 yrs

TOKYO, Japan - A bulletin board in central Tokyo shows the U.S. dollar rising above the 115 yen line for the first time since November 2007 in the morning on Nov. 6, 2014. The dollar was buoyed by divergence in the monetary policy directions of the Bank of Japan and the U.S. Federal Reserve.

High oil prices to affect world economic recovery: Greenspan

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