Japan shows resistance to turmoil

Japan's economy expanded moderately and exports continued to increase from October 2007 to March 2008, according to a report published by the Bank of Japan.

Disruptions in US and European financial markets had limited effects on the Japanese money market as a whole, though there were periods of nervousness, the report notes.

Stock prices fell substantially reflecting the worldwide decline and the appreciation of the yen.

To read the summary of the report, click here.

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