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Japan logs record GDP drop(-4% just for Q1)
Reuters ^
| 05/19/09
| Tetsushi Kajimoto
Posted on 05/20/2009 1:01:23 AM PDT by TigerLikesRooster
Japan logs record GDP drop
By Tetsushi Kajimoto Tue May 19, 11:51 pm ET
TOKYO (Reuters) – Japan's economy shrank a record 4.0 percent in the first quarter as domestic demand and investment buckled, threatening to crush any export-led rebound later this year.
The data did add to growing evidence that global trade may have bottomed out in the first quarter. Net exports proved to be less of a drag on the world's second-largest economy than in the previous three months, and companies ran down inventory.
While that lent support to the growing chorus of forecasts that the global economy was pulling out of the dive triggered by the financial crisis, there were grim signals on the outlook for Japan, where GDP is shrinking twice as fast as in the United States.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: gdp; japan; plummet; q1
Don't worry. Green shoots are coming out in Wall St. and D.C..:-)
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
Cold economic winter for Japan.
2
posted on
05/20/2009 1:03:09 AM PDT
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
A record since when, last week?
Somehow I think the Japanese economic contracted at a somewhat quickly pace in, oh, say the 2nd quarter of 1945...
3
posted on
05/20/2009 1:05:10 AM PDT
by
JasonC
To: JasonC
err economy, quicker... You know what I meant lol...
4
posted on
05/20/2009 1:05:47 AM PDT
by
JasonC
To: TigerLikesRooster
Holy cow! I’m sure glad I don’t live in Nippon! But maybe it is worse here
China— How much is that contracting? I think they lie too much on their statistics to know
5
posted on
05/20/2009 5:22:16 AM PDT
by
dennisw
(Your action becomes your habit. Your habit becomes your character, that becomes your destiny)
To: TigerLikesRooster
No problem. It’s only part of the “glimmer of sun through the trees” rosey scenario of the economic hope and change Obama is lavishing on the world!
6
posted on
05/20/2009 5:46:16 AM PDT
by
Gritty
(If Democrats have their way, there will be "two Americas"... two Latin Americas - Ann Coulter)
To: dennisw
They won't tell us. It is ‘a state secret.’
7
posted on
05/20/2009 5:48:52 AM PDT
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
Thanks. China is probaly down as much as Japan since they are both major exporters. Any info on SKorea and Taiwan? I know laptops are selling and Taiwan designs them and makes there there and in China. Also Iphones
8
posted on
05/20/2009 11:52:59 AM PDT
by
dennisw
(Your action becomes your habit. Your habit becomes your character, that becomes your destiny)
To: dennisw
The Baltic Dry Index is a pretty good rough indicator of what countries are shipping.
And those numbers are not good.
9
posted on
05/20/2009 11:56:40 AM PDT
by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: Lurker
Deflation in some sectors
Inflation in others. Grain prices are up I just saw that in Whole Foods tonight. And gasoline prices are up I topped off my tank
10
posted on
05/20/2009 3:27:51 PM PDT
by
dennisw
(Your action becomes your habit. Your habit becomes your character, that becomes your destiny)
To: Lurker
11
posted on
05/20/2009 3:31:25 PM PDT
by
dennisw
(Your action becomes your habit. Your habit becomes your character, that becomes your destiny)
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