Japan's Economy On Its Last Legs

Japan's Economy On Its Last Legs

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JAPAN FOLLOWED THE WEST

Brooklyn, NY

#1 Nov 12, 2012
Japan's Economy Shrinks, May Signal New Recession

Japan’s economy contracted 3.5% in the July-September quarter, possibly signaling the start of another recession, according to government economic data released Monday.

The contraction was the first quarter of negative growth in three quarters. Its magnitude suggests that a hoped-for rebound is unlikely. Many economists are seeing it as signaling the start of another recession in light of forecasts for another decline in the October to December quarter. Two consecutive quarterly contractions would, by definition, put Japan in another recession.

The downturn is being attributed in part to the impact on exports of the recent squabble with China, a 0.5% slump in consumer spending on the end of subsidies for fuel-efficient auto purchases and a 3.2% drop in corporate capital spending. Yet another factor has been the gradual decline of spending on reconstruction from the March 2011 disasters.

The discouraging data for the most recent quarter follows a downward revision of the growth estimate for the April-June quarter from 1.4% to 0.7%.

Until the row with China over the Senkakus (Diaoyudao) began in August, the government had been forecasting 2% growth for the year, based on an anticipated turnaround in the fall. That forecast has now been discarded.

Even Japan’s seemingly invulnerable current account surplus fell to just 2.72 trillion yan ($34 billion) in the April-September period due to high imported fuel costs and weak exports. That’s the lowest level since data began in 1985.

The perennially dependable trade surplus too has turned into a deficit that continues to rise.

Individual consumers are being squeezed by higher electricity rates and an anticipated 4% average drop in winter bonuses.

It has now been nearly a quarter century since Japan’s real-estate bubble burst in the early 1990s, sending the economy into a deflationary spiral from which a series of weak administrations has been unable to devise an effective recovery strategy. Japan’s long-term prospects are also dimmed by an aging population combined with intensifying competition from Korea, Taiwan, Germany and the US in virtually every export sector in which Japan was once unmatched, including autos, electronics, ships, semiconductors and digital entertainment.
RayH

Shenzhen, China

#2 Nov 12, 2012
Sayonara.
aiweiwei

Australia

#3 Nov 13, 2012
Thives finally met their destiny. China will make the japs shorter and mal~nourished.
THIS IS DEMOCRACY

Brooklyn, NY

#4 Nov 13, 2012
Japan's got another year left. Maybe two if they tighten the belt.
Mariano

Edmonton, Canada

#5 Nov 13, 2012
Japan is not doing well.

It is in a recession now.
RayH

Guangzhou, China

#6 Nov 13, 2012
THIS IS DEMOCRACY wrote:
Japan's got another year left. Maybe two if they tighten the belt.
Don't think Sharp, Sony, and Panasonic will last that long.
Raj at Earth

Torrance, CA

#7 Jan 24, 2013
Japan's economy is doomed. Just look at the recent trade deficit. Japan's economy will become like the Vietnamese and Filipino economy in the near future. India, China, America, Europe, Russia, Latin America and Middle East now produce cars so the edge that Japan had is gone. Japan has to stop buying so much oil and reduce it's electricity bill.

http://www.ft.com/cms/s/0/6aa68b02-65d6-11e2-...
RayH

Shenzhen, China

#8 Jan 24, 2013
Bye-bye, Nips.
CHINA HUMILIATED by CCP

Surrey, Canada

#9 Jan 24, 2013
RayH wrote:
Bye-bye, Nips.
Are you trying to draw attention away from your previous confessions?

Someone like you "RayHole", who LIKES to see the MASS-MURDER of Chinese and feels that the murderers should never be punished because they "only" killed "subhuman" Chinese livestock of the CCP, has much more to worry about than whether the Japanese economy has matured!

Why not discuss the illegitimate and unstable CCP regime that will likely end up setting China back DECADES again, as it has in the past? Or discuss your own obvious mental issues regarding your hatred for the Chinese people?
epep

Croydon, UK

#10 Jan 24, 2013
i do not hate or like the japanese.

but i am cautious about japan if japan is allowed to own military weapons.

now japan's economy is going down therefore the japanese's cruel imagination in japanese novels, japanese comic books and japanese movies will not be so influential on other races. and other races will be less okay with japanese killing dolphins and whales. and other races should be against japanese killing dolphins and whales.
epep

Croydon, UK

#11 Jan 24, 2013
i do not hate or like the japanese.

but i am cautious about japan if japan is allowed to own military weapons.

now japan's economy is going down therefore the japanese's cruel imagination in japanese novels, japanese comic books and japanese movies will not be so influential on other races.

and i do NOT want the japanese cruel imaginations in those japanese mediums ( japanese novels, japanese comic books and japanese movies ) to be influential other races.

i do NOT want the japanese's cruel imaginations to be influential on other races.

and other races should NOT be influenced by the japanese's cruel imaginations in those japanese mediums ( japanese novels, japanese comic books and japanese movies )

and other races will be less okay with japanese killing dolphins and whales.

and other races should be against japanese killing dolphins and whales.
epep

Croydon, UK

#12 Jan 24, 2013
i do not hate or like the japanese.

but i am cautious about japan if japan is allowed to own military weapons.

now japan's economy is going down therefore the japanese's cruel imaginations in japanese novels, japanese comic books and japanese movies will not be so influential on other races.

and i do NOT want the japanese cruel imaginations in those japanese mediums ( japanese novels, japanese comic books and japanese movies ) to be influential other races.

i do NOT want the japanese's cruel imaginations to be influential on other races.

and other races should NOT be influenced by the japanese's cruel imaginations in those japanese mediums ( japanese novels, japanese comic books and japanese movies ).

and other races will be less okay with japanese killing dolphins and whales.

and other races should be against japanese killing dolphins and whales.
Snowflake

San Francisco, CA

#13 Jan 24, 2013
They have killed too many whales and dolphins and porpoises.
ASIA LATIN AFRO MID EAST

United States

#14 Jan 24, 2013
US sure did number of damage on Japs, the rounds of US Macroeconomic wars ans also on world economic, and also on its own AMericans economic and financial wellbeing!
epep

Croydon, UK

#15 Jan 25, 2013
Snowflake wrote:
They have killed too many whales and dolphins and porpoises.
other countries should put more pressure against japan killing dolphins, whales and porpoises.
epep

Croydon, UK

#16 Jan 25, 2013
i feel pity for dolphins and whales they are compassionate creatures but they have to to suffer in the hands of the cruel japanese. and dolphins and whales also are victims of people's ships' noise pollution and other material pollution.

other countries should put more pressure against japan killing dolphins, whales and porpoises.
epep

Croydon, UK

#17 Jan 25, 2013
and countries should try not to cause difficulty for dolphins, whales and porpoises.
epep

Croydon, UK

#18 Jan 25, 2013
i feel pity for dolphins and whales they are compassionate creatures but they have to to suffer in the hands of the cruel japanese.

dolphins and whales also are victims of people's ships' noise pollution and other material pollution.

other countries should put more pressure against japan killing dolphins, whales and porpoises.
epep

Croydon, UK

#20 Jan 25, 2013
i feel pity for dolphins and whales they are, generally, compassionate creatures, but they have to to suffer in the hands of the cruel japanese.

dolphins and whales also are victims of people's ships' noise pollution and other material pollution.

other countries should put more pressure against japan killing dolphins, whales and porpoises.
epep

Croydon, UK

#21 Jan 25, 2013
i feel pity for dolphins and whales they are, generally, compassionate creatures, but they are killed by the cruel japanese.

dolphins and whales also are victims of people's ships' noise pollution and other material pollution.

other countries should put more pressure against japan killing dolphins, whales and porpoises.

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