Markets News Friday; Japan warns of deflation - central bank more upbeat; One in 10 US homeowners with mortgages missing payments in Q3 2009
Nov 20th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Both Japan's Deputy Prime Minister Naoto Kan and Finance Minister Hirohisa Fujii said today that the economy was in deflation, leading to concerns that the recovery may slide into reverse. Meanwhile, almost one in 10 US homeowners with mortgages was delinquent, with at least one payment behind in the Q3 of 2009, the Mortgage Bankers Association said on Thursday -- that's about five million households.