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Japan economy shrinks at record 15.2 percent pace
Google/AP ^
| 5/20/2009
| Tomoko Hosaka
Posted on 05/20/2009 9:05:24 AM PDT by mojito
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Demographic decline meets economic decline.
1
posted on
05/20/2009 9:05:24 AM PDT
by
mojito
To: mojito
Many predicted it would grow in the April-June period amid aggressive stimulus steps by the government This sounds vaguely familiar. Is this like Obama's plan to write IOU's to ourselves?
2
posted on
05/20/2009 9:07:02 AM PDT
by
Aquinasfan
(When you find "Sola Scriptura" in the Bible, let me know)
To: mojito
And not by coincidence, the Yen is the only currency dropping against the dollar.
3
posted on
05/20/2009 9:08:31 AM PDT
by
gondramB
To: mojito
4
posted on
05/20/2009 9:11:52 AM PDT
by
ClearCase_guy
(We are a ruled people, serfs to the Federal Oligarchy -- and the Tree of Liberty thirsts)
To: mojito
I’ve never seen anything like a 15.2% drop in a major economy. That’s disastrous.
5
posted on
05/20/2009 9:14:50 AM PDT
by
Woebama
(Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
To: Woebama
I was thinking of a “D” word other than disastrous, myself, but the MSM seem to be at pains to avoid that one.
To: Woebama
Historically,
It will be called World Socialism (Until the west and its allies are "dead".)
PS Japan is in the top 5 who contribute payment for the UN.
PPS The top 5= approx 50% of all payment.
To: mojito
But the results fell within expectations, and recent signs point to a brighter outlook in the months ahead, said Fumiyuki Hussein Nakanishi, chief equity strategist at SMBC Friend Securities in Tokyo.
8
posted on
05/20/2009 9:20:50 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: mojito
“Demographic decline meets economic decline.”
The country is a world-beater in technology and manufacturing, it has little crime, its people are highly educated, hard-working and polite, it has gobs of national savings - yet it’s economy is declining as if in war.
Given that Japan also allows little immigration, it may be the purest specimen available of what demographic decline will do to a nation and an economy
9
posted on
05/20/2009 9:38:05 AM PDT
by
PGR88
To: mojito
I agree with the demographics discussion. But one fact about Japan’s 10 year stagflation hasn’t been discussed. In 1993, the Socialist Party has been running the country. When you have socialism, there’s no incentive for growth.
10
posted on
05/20/2009 9:45:08 AM PDT
by
griswold3
(a good story is more compelling than the search for truth)
To: mojito
One has to wonder too, if Japan will ever fully re-grasp their recent market share of exports?
It's hard to believe that China will not challenge them for market share on any consumer product exports they possibly can, with Beijings' social problems associated with decline of Chinese exports of tat to the West during this downturn.
Japan will still have their blue-chip products in Toyota, Honda and such, but their mainstream electronics exports could come under serious threat from desperate Chinese manufacturers.
Japan might have to seriously reconsider their stance in World economic circles should this happen.
11
posted on
05/20/2009 9:48:21 AM PDT
by
bethybabes69
(Reichstag Flu, coming to a town near you, right before the revolution is planned to commence!)
To: Woebama
Remember when Japan was the ideal model for the world? This is not good news. An orderly people like the Japanese may well turn to nationalism and fascism to solve their problems. This is not good.
To: mojito
The rate of decline of the American economy in the first quarter was at a 6.1% annual rate.
13
posted on
05/20/2009 9:55:54 AM PDT
by
bert
(K.E. N.P. +12 . Crucify ! Crucify ! Crucify him!!)
To: PGR88
Eh I’m not to worried about the outlook for Japan just give them a few more years. By 2020 that country will have more robots than new born babies. Now how that bodes for the rest of us I’m not so sure...
14
posted on
05/20/2009 10:45:57 AM PDT
by
Eyes Unclouded
(Step 1: Expel half the party and write off huge chunks of the country. Step 2: ??? Step 3: Profit.)
To: griswold3
The Japan Socialist Party has never ever been in power in post war Japan.
To: Republican Party Reptile
Well, depends how who defines ‘Liberal Democrat/Democrat’...
Going by what my friends at the Honda plant say about their government, not what is described in the media.
16
posted on
05/20/2009 1:45:39 PM PDT
by
griswold3
(a good story is more compelling than the search for truth)
To: griswold3
In that case, the LDP didn’t came to power only in 1993 (if anything they lost it briefly between 1993 and 1994 to the JRP). The LDP has been THE Party in power pretty much the entire post-war period from 1950’s til today, with very few short years out of power here and there.
Or to put it another way, there has never been a *Conservative* Party holding power in Japan after end of WW2. Since WW2 all the way up to today Japan has ALWAYS been a far more Socialist / Social Liberal / Mercantilist economy than the U.S.
To: mojito
Many predicted it would grow in the April-June period amid aggressive stimulus steps by the government and signs that companies are boosting production.... Darned Keynesian BS still won't work.
Maybe we should just try it again, only spend MORE money this time! That's sure to work.
18
posted on
05/20/2009 2:16:28 PM PDT
by
TChris
(There is no freedom without the possibility of failure.)
To: gondramB
And not by coincidence, the Yen is the only currency dropping against the dollar.??? It's below 95 yen per 1 US dollar (94.47). When I moved to Japan it was about 130 yen per 1 US dollar (in 1999).
A strong yen is bad news for exports to the US.
19
posted on
05/21/2009 2:18:27 AM PDT
by
altair
(My vote didn't count, I voted in California)
To: gondramB
And not by coincidence, the Yen is the only currency dropping against the dollar. No, the yen is very strong against the dollar, near record levels; the daily BOJ number is that it only takes 94.76 yen to buy one dollar.
20
posted on
05/21/2009 3:51:00 AM PDT
by
snowsislander
(NRA -- join today! 1-877-NRA-2000)
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