But while stock markets here surged on the heels of the Federal Reserve's rate reduction Wednesday, experts expressed caution. Further cuts are needed for potential lasting benefits to the region, a huge exporter of cars and electronics that's still smarting from a 1998 financial crisis. Layoffs are rampant in South Korea.
Japan faces a multitrillion-dollar government debt.
No one has money in Japan - the nation, the banks, the companies. He was checking his investments by gazing at a brokerage firm's electronic display - parading Tokyo share prices on a rare upswing Friday. Similar sentiments were echoed elsewhere in Asia. We want a good U.S. economy as much as Americans do. The U.S. Federal Reserve slashed its benchmark interest rate by half a percentage point between its regular meetings - a surprise that sent a global signal the Fed wants to revive the sagging U.S. economy.