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Detailed text transcripts for TV channel - CNN - 20120106:09:21:00

sake. and by the year 2015 the national sales tax would jump to 10% or i would have to pay 100 yen for that same bottle of sake. that is double what i paid today. as you can imagine, this is highly unpopular. to be honest, says this taxpayer, i don t want the sales tax but i guess i don t have a choice. we can see what s happening in greece and italy says toshiko misu. we re taking the debt talk more seriously and ready to accept this. japan s government fears its own ballooning debt will follow the same trend and be out of control. japan s debt is far higher than greece, but less risky because it s domestically owned. japan still has the highest national debt in the developed world with the fastest aging population on the planet.

Transcripts For CNNW World Business Today 20120106

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

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