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Reporting from Tokyo: Toyko market's response to US rating downgrade

08-08-2011 18:30 BJT

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For more on this, we now cross live to our correspondent, Terrence Terashima, who joins us from Tokyo. Hello Terry,

Q1: We know that Japan's Nikki stock average slid over 2 percent on the first trading day after S&P downgraded the US' credit rating. This came despite a statement by Japanese Finance Minister that Tokyo's market trust in the dollar and US treasuries has not wavered. How should we evaluate his comment?

Q2: It's been nearly five months since the massive earthquake and tsunami struck Japan. So how has the Japanese economy recovered during this time? Will it be hampered by the recent repercussions, such as the downgrade in the US and Europe's debt crisis?

Many thanks. That is our correspondent Terrence Terashima in Tokyo.

Editor:Xiong Qu |Source: CNTV.CN

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