The Japanese government declines to comment on whether it intervened in the currency market to arrest the yen's decline against the U.S. dollar, after the Japanese currency rose sharply following a temporary fall below the 150 mark.
to 10% by 2015, amid fears that the country may become the next greece. japan has the highest debt-to-gdp ratio in the developed world and the fastest aging population. after the tsunami and nuclear crisis, the ruling party says it s pay now or possibly default later. cnn cnn s kyung lah. reporter: they are proposing an increase in the national sales tax. this bottle of sake costs 1,000 yen or about 10 u.s. dollars. the national sales tax is currently at 5%. so on the 1,000 yen bottle of sake, i had to pay 50 yen in taxes. under the current proposal, by 2014, the tax would jump to 8% or 80 yen for the bottle of
india, ford s allen moulally. caution has crept in before the week is out. european markets are marginally out, asian markets are marginally down. futures are flat. the predicted number of new jobs is around about 150,000. many say that is better but charles still not good enough. no. i think that s very much going to be what is dominating investor thought really all way around the globe. we are seeing this slight rebound here in europe. there was a bit of a sell-off, i think perhaps in anticipation of a strong nonfarm payroll. maybe as many as 90,000 jobs being created. that s the whisper number on wall street. as that number goes down to more than 150,000, which seems to be the consensus, there s less prospect of u.s. interest rates being moved up soon and perhaps there s pressure on the euro. there is a lot of worry out here behind all of this. we re still worrying about banks. .only credit rights issue a couple of days ago is still being talked about in the markets be