Touzen Times
The Orient's oldest English-language Newspaper since 1850
TOUKEI giving in amidst global uncertainty
The Orient's oldest English-language Newspaper since 1850
TOUKEI giving in amidst global uncertainty
The TOUKEI continued its downward trend today as global tensions create uneasiness amongst investors. Closing at 11.053 points today (-1,5%), the markets have reacted to the trade war between the Republic of Bantyr and the nations of the Northern Council. The situation surrounding the Anglyn colony of Bombaim and the ambitions of the Cannie government have also been cited as having favored the current downwards trend.
Analysts predict the current trend to stay for the time being. Specifically, the long-term effects of the loss of credibility in Bantyr and a decrease in exports due to the crisis in Western Europe are said to contribute to the trend. Already previously, diplomatic tensions between the Constitutional State and the Celtic nations had caused a stir on the market, and the aggravation of the situation through the trade war has done little to calm them.
"It remains too early to see what effect the resignation of the government in Bantyr will have, but rest assured the general mood of anxiety will prevail for the moment as the markets seek to readjust themselves after this loss of confidence. This also has its effect on the Touzen economy, which thrives on exports and the maintenance of free trade. Important trade routes in Touyou are now also in the focus of the public eye, so we got two factors significantly affecting the situation here", our correspondent to the Nokanawa Stock Exchange, Matsumoto Abe, explains.
On the other hand, demand for the Ryō has slightly increased as investors turn towards more stable means of investment, which could cause yet another problem if the situation of economic hostility in the West persists: as an export-driven economy, a low value of the Ryō benefits Touzen-based businesses, while a strong currency could harm competitiveness on the global markets.
The Ministry of Industry, Finance and Commerce said it would continue monitoring the developments and released a statement saying that it expressed "confidence in the ability of the international community to guarantee the free conduct of commerce."
Analysts predict the current trend to stay for the time being. Specifically, the long-term effects of the loss of credibility in Bantyr and a decrease in exports due to the crisis in Western Europe are said to contribute to the trend. Already previously, diplomatic tensions between the Constitutional State and the Celtic nations had caused a stir on the market, and the aggravation of the situation through the trade war has done little to calm them.
"It remains too early to see what effect the resignation of the government in Bantyr will have, but rest assured the general mood of anxiety will prevail for the moment as the markets seek to readjust themselves after this loss of confidence. This also has its effect on the Touzen economy, which thrives on exports and the maintenance of free trade. Important trade routes in Touyou are now also in the focus of the public eye, so we got two factors significantly affecting the situation here", our correspondent to the Nokanawa Stock Exchange, Matsumoto Abe, explains.
On the other hand, demand for the Ryō has slightly increased as investors turn towards more stable means of investment, which could cause yet another problem if the situation of economic hostility in the West persists: as an export-driven economy, a low value of the Ryō benefits Touzen-based businesses, while a strong currency could harm competitiveness on the global markets.
The Ministry of Industry, Finance and Commerce said it would continue monitoring the developments and released a statement saying that it expressed "confidence in the ability of the international community to guarantee the free conduct of commerce."