business

Japan factory output grows for fifth month; retail sales surge

8 Comments
By Daniel Leussink

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© Thomson Reuters 2020.

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yes people wallets are more empty as as salaries/bonus cuts are reality so how someone can expecting increasing of spending?

3 ( +4 / -1 )

Prime Minister Yoshihide Suga instructed his cabinet earlier this month to compile a package of stimulus measures to speed up the country's economic recovery.

The fact that J- govt continually has to roll out stimulus packages year after year just highlights how incompetent they are at managing things. Yet the peasants continually elect their local hereditary LDP daimyos ...this place really is stuck in yesterday.

4 ( +7 / -3 )

Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to grow another 2.7% in November and decline 2.4% in December.

How I wish all these data are released by an organ independent of the government, i am suffering

from Trust Phobia due a lot of incidents in the past concerning bureaucrats and politicians.

1 ( +3 / -2 )

^^^ Why would anyone trust an independent organisation? It can easily invaded by outsiders and data be manipulated, don't be dumb.

2 ( +2 / -0 )

independent organisation? It can easily invaded by outsiders and data be manipulated, don't be dumb.

Lol..because government agencies here have proven their cyber security here is top notch on the other hand .

Much better the data just stays manipulated by govt " insiders" as is :)

0 ( +0 / -0 )

Totally and completely taken out of context, the October 2020 numbers. 

October 2019 saw a very strong drop in retail because of the hike of consumption tax as from October 1st and people buying and stocking up in September 2019. Great reporting, not too mention that " detail ".

Retail sales up ?  Is that why the restaurants are closing or going bankrupt ? That why car sales are down ? Hotels are running at 30 to 50 % occupancy. 

Who is helped, I wonder, by constantly avoiding facts and digging the heads ever deeper in the sand. Even ostriches run out of neck to dig in, at some time.

I am a marketing expert, I walk the streets as part of that, see what, if anything, people are buying. And they are not buying.  Except food in the supermarkets.

I would like to see the actual real estate situation if not kept up artificially by the Mitsui, Sumitomo, Mori and the others.  Why do you think Mitsui is buying out the Dome property ? If they don't, it would have a devastating domino effect on the market. 

We are in trouble, and the sooner, we admit that to ourselves, the sooner, can we TRY to address the problem.  I don't hold my hopes up, but I am willing to help work at it, as soon as society is willing to see reality and not stick its head under the pillows, like a scared child, when the boogie man is coming.

1 ( +1 / -0 )

Those are the usual number magic tricks for the average public. For example first 30% down and then 40% up. But that’s still quite a minus , of course nobody dares to write about...lol

0 ( +1 / -1 )

Yet again more positive data that undermines the narrative of the doomsday crowd. Japan is relatively well poised to emerge from the Covid recession.

The fact that J- govt continually has to roll out stimulus packages year after year just highlights how incompetent they are at managing things.

All the countries are rolling out stimulus, in case you haven't noticed. If it highlights any kind of "Incompetence," then that would be the private sector, whose prime business model over the last few years has been wage suppression. If wages rose in tandem with corporate profits, the stimulus wouldn't be needed.

0 ( +0 / -0 )

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