Kauppahallin ääniä, Japani

Kauppahallin ääniä, mainosmusiikkia taustalla. Hirosaki, Japani

Japani vuonna nolla

Artikkeli esittelee teoksen: Embracing defeat : Japan in the aftermath of the World War II / John D. Dower. London, 2000.

Osakkeiden hintojen muutokset makrotalouden muuttujia ennakoivina tekijöinä 2001-2011: BRIC-maat , euroalue, Japani ja USA.

The aim of this thesis is to examine stock returns as predictive indicators to macroeconomic variables in BRIC-countries, Japan, USA and euro area. We picked to represent macroeconomic variables interest rate, inflation, currency, gross domestic product and industrial production. For the beginning we examined previous studies and theory about the subject. Hypothesis of this thesis were derived from the previous studies. To conduct the results we used tests such augmented Dickey-Fuller, Engle-Granger co-integration, Granger causality and lagged distribution model. According to results stock returns do predictive macroeconomic variables and specifically changes of GDP and industrial production. There were few evidences of stock returns predictive power of inflation.

Talonpoika ja joki

Le paysan et la rivière (Talonpoika ja joki?:) Illustrée par Kano Tomo-nobou. (s. 14.)

Maamyyrä ja kaniinit

La taupe et les lapins.(Maamyyrä ja kaniinit.) Illustrée par Kadji-ta Han-ko. (s. 8.)