Posted on 12/07/2014 5:33:32 PM PST by Red in Blue PA
TOKYO (Reuters) - Japan's economic contraction in July-September was deeper than initially expected on declines in capital expenditure, according to revised data on Monday that backs Prime Minister Shinzo Abe's recent decision to delay a second sales tax hike.
The data indicated that the hit from April's sales tax hike turned out to be bigger than expected.
Abe, who has called a snap poll for Sunday, hopes voters will agree that his stimulus policies and a decision to delay a second sales tax hike next year will revive a sputtering economy.
(Excerpt) Read more at finance.yahoo.com ...
Deflation kills.
Completely unexpected? No.
As their population decreases so does their economy.
not just decreases but ages and retires and sucks up all those resources from the economy
‘Zackly!
and who wants to have kids in a pervert society where they are sex objects anyway
Don’t forget aging population in Japan
When you keep pumping the balloon for too long, deflation is guaranteed to follow.
Wow! Never knew Japan was so heavily taxed.
That guy pretty much lays out Obama’s “Path to Prosperity”.
I think their problem is they’ve been relying on Big Government solutions since their economic collapse several years ago. We’re going down the same path.
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