Posted on 02/15/2015 4:22:40 PM PST by blam
Leika Kihara and Tetsushi Kajimoto, Reuters
Februry 15, 2015
TOKYO (Reuters) - Japan's economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe's efforts to shake off decades of stagnation even as the global outlook deteriorates.
But the expansion was smaller than a 3.7 percent increase forecast in a Reuters poll, suggesting a fragile recovery for the world's third-largest economy as consumer mood remained soft and uneven global growth weighed on exports.
Still, the return to growth will allow the Bank of Japan to hold off on expanding monetary stimulus in coming months, even as slumping oil prices push inflation further away from its 2 percent target, analysts say.
The data will be one of the key factors the BOJ will scrutinize at its two-day rate review ending on Wednesday, where it is widely set to maintain the current pace of asset purchases in its monetary stimulus program.
(snip)
(Excerpt) Read more at businessinsider.com ...
Obama's policies has even saved Japan.
Maybe it’s all of those adult diapers they are selling now?
At the very best, Japan has a short reprieve. Their birth rate is in a death spiral and there is no recovery possible. They are past the tipping point.
Or the sex dolls and candied octopi.
"It appears "hope" is a strategy in Japan. Abe's nation emerged from recession in Q4 but with business spending (capex grew at a mere 0.1%) and private consumption (+0.3% - which Amari defined as "solid private demand supporting economic recovery") both coming in considerably below estimates, Japanese GDP QoQ SAAR grew at+2.2% (missing expectations of 3.7%) but real GDP growth was negative for the 3rd quarter in a row. Of course the GDP deflator grew at 2.3%, beating expectations, is desperately clung to by Japan's economy minster Amari as evidence of the end of deflation in Japan."
I kinda admire how Japan and other Asian countries have a “We could give a crap less” attitude about being “Politically Correct”.
” At the very best, Japan has a short reprieve. Their birth rate is in a death spiral and there is no recovery possible. They are past the tipping point. “
I think if crap really hits the fan Japan may be in a better position than we are, America has the possibility of Balkanizing, Japan, even with a decline doesn’t as they have a very strong Nationalism streak in them, which makes their culture somewhat more resilient than our and even somewhat dangerous (see WWII).
Just playing beat the VAT..
“On the 1st of April 2014 Japan’s Value Added Tax increased from only 5% to 8% with a target to reach 10% by 2015.”
VATs are nasty things.
Another country hopelessly in debt and trying to get out of its mess by taking on more debt. It all ends very badly just as it does here in the US.
Wow. The recession is over.
“annualized 2.2 percent in the final quarter of last year,..”
That is a great annual increase </s>
And for one whole quarter. The world is growing and the economy is jumping by leaps and bounds.
Happy days are here again.
Their BS recovery parallels our BS recovery: Put everything on a credit card your grandkids will payoff and keep telling everyone you know how better things are getting. Recovery!
We closed an aerospace plant in Tokyo in 2011 because its easier/cheaper to do the work in the US and we can pick a state where don’t have to worry about 8.0 earthquakes and rolling blackouts.
From 2011 to now, the yen has about lost 40%, so it is cheaper to do business there than it was, and cheaper energy will help the rolling blackout situation, but a lot of the work that left Japan is not coming back.
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