economic decline

On Monday JPY fell after the dismal Japanese economic data intensified worries about the severity of the downturn facing the country. Japan swung to its first current account deficit in 13 years in January as the global economic decline crushed export demand and revenue from overseas investment. According to the specialists’ opinion, the JPY is likely to remain weak since the Japanese authorities have indicated that they want the currency to weaken.

Saga Platinum new credit card research unveiled the fact that cardholders are becoming increasingly aware of how they use their cards during the economic decline. According to this survey, today 16% of people use credit cards to ensure that their purchases are protected. Other recent research revealed that 34% of people are thinking more about savings, in light of increasing day-to-day bills.

Baidu, the leading Chinese search engine for websites, audio files, and images reported its profits growth is slowing down because of the Regulatory issues and China's rapid economic decline. Baidu, which controls two-thirds of China's search market, can always count on the continued growth of China's Internet population, which surpassed the U.S. last year to become the largest in the world.