Cautious stand on Euro crisis; Japan economy will rebound: BBVA Research
Stephen Schwartz, Chief Economist for Asia of BBVA Research spoke about the implications of the approval of Greece austerity measures and a possible recession in Japan on Asia and world markets. He says that the approval will add some positive momentum on the markets. On Japan, he said that it was expected due to the Thailand floods; however, the economy will rebound to about 2%.
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