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Japan experienced an increase in growth in the last quarter of 2012. The main driver of economic growth is the growth of major industries thanks to the rebuilding of the tsunami devastation, as well as from increased exports.

Country’s economic growth in accordance with market expectations, which is 0.9 percent. Whereas in the period from October to December, the country’s economic growth is still zero percent.

“Consumer spending and public investment are the factors driving the economy. Also due to government subsidies and investment assistance from the supplemental budget after the earthquake,” said chief economist Itochu Economic Research Institute, Yoshimasa Maruyama, in Tokyo, Thursday (05/17/2012).

With the rise in GDP, it means that Japan’s annual growth to 4.1 percent, stronger than analyst expectations of only 3.5 percent. This exceeds the annual growth in the United States, namely 2.2 per cent in the same quarter and outperformed European countries such as Germany, Britain, France, and Italy.

Consumption sector contributed 60 percent of GDP. It increased 1.1 percent in contrast with market forecasts. The high demand is aided by government subsidies to buy fuel-efficient vehicles.

A number of economists believe growth allows mounting the last quarter and expects to expand approximately two percent of moderates in the fiscal ended March 2013.

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Three top executives at JPMorgan Chase plans to leave the job (resign), after a trading error that resulted in financial services companies are losing up to $ 2 billion.

The Wall Street Journal reported, as quoted by the Associated Press on Monday (5/14/2012), one of the JPMorgan executives, Ina Drew, who has been struggling at risk, the risk management division for seven years, responsible for the losses.

While two other executives responsible for trading, traded in London, as well as a managing director in the team.

For your information, a loss of $ 2 billion, was first disclosed by JPMorgan CEO Jamie Dimon on Thursday, May 10th last. This is a shameful thing for the bank is so widely criticized by lawmakers and the banking industry in order to apply the rules more robust than Wall Street.

Drew, who is the highest executive women on Wall Street, served as head of the investment bank. He paid $ 15, 5 million years ago and paid nearly $ 16 million in the prior year.

Known, JPMorgan reported Friday the largest bank in the United States (U.S.) is experiencing losses of nearly $ 2 billion. This condition is spreading to its share price fall which reached 9.3 percent in trading.

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Crude oil prices close to the lowest level in three months on the New York Mercantile Exchange (NYMEX), after crude oil inventories report the United States (U.S.) climbed the most since March.

American Petroleum Institute (API) notes that U.S. crude inventories rose 7.8 million barrels last week to 378 million, the highest level since August 1990.

Today, the API also reported U.S. crude oil inventories increased by two million barrels. Oil decline halted after falling below the average of 200 trading days.

Citing Bloomberg, Wednesday (09/05/2012), U.S. crude oil, West Texas Intermediate (WTI) for June delivery edged up 14 cents to close at USD97, 15 per barrel. Even so, WTI successfully up from the previous perdangangan of USD97, 01 per barrel, the lowest since February 6.

While London Brent crude oil for June delivery dropped 43 cents, or 0.4 percent to USD112, 73 per barrel in trading on the London ICE Futures Europe Exchange. Brent and WTI premium was again widened to $ 15, 72.

WTI had crept up after falling below the average of 200 trades. The analysts expect oil prices tend to move as much support lines with the support level in the range of USD96, 29.