The Nikkei index was up 1% after news that the US senate would vote on a new deal later in the week. Japans index was not the only one that followed upwards after the US news, Australian and New Zealand stocks were up 4% and 3%.
One of the changes to deal that has been made are an increase on goverment guarantee from $100,000 to £250,000 in the hope that congress will be more satisfied. For an approval the new bill will need to have 60 out of the 100 senates voting for a yes. The Down Jones index saw some recuperating after the record one day fall.
Data from the Bank of Japan which showes a snapshot of the business confidence was on a minus for the first time since June 2003. This means that a majority of the large Japanese firms are staring to become very pessimistic about the future business conditions.
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