http://www.reuters.com/article/2012/02/13/us-markets-japan-stocks-idUSTRE81B10920120213
This article shows how the Nikkei (the Japanese stock market) rose after Greece passed an Austerity bill, giving them a second bailout from the EU and the IMF. This shows that even though Japan and Greece are not connected tightly in terms of economics one country can easily affect the other. The systems within the countries are very different, and yet Greece (the struggling country) somehow manages to help out Japan (a more thriving economy). This has to do with the industry of the two countries, Japan has the possibility to create new technology, whereas Greece has been sucking money out of the government for months.
2 comments:
I think this is related to the fact that Greece is still a market for a lot of company. In addition, Greece's debt is tied to EU, so it also affects EU market, which also affect Japan in a way.
This is really interesting. I would not have thought Japan would be as influenced by the Greek economy as the gain in the Nikkei would show. But it does make sense since Japan is a large economy that relies on trade to import raw materials and export finished goods.
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