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Japan 1st quarter GDP unchanged at 2.2% annualized contraction

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To fair Larr Flint, you are comparing Japan's first quarter GDP (Jan to Mar) to the U.S and worlds second quarter reporting (April to June).

5 ( +5 / -0 )

*Japan’s economy shrank an annualized 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday.*

The same office that shredded the sakura no kai papers.

Salt please.

4 ( +5 / -1 )

This cannot be correct.

2 ( +3 / -1 )

1Q2020 refers to January to March period, before Japan was hit by the full impact of the coronavirus outbreak.

2Q2020 GDP projection is -22%.

https://asia.nikkei.com/Economy/Japan-GDP-to-shrink-22-in-Q2-in-biggest-postwar-drop-forecast

Japan GDP to shrink 22% in Q2 in biggest postwar drop: forecast

Coronavirus spurs spending retreat by consumers and businesses

2 ( +3 / -1 )

It's explained in this very article, January-March.

Japan’s economy shrank an annualized 2.2% in January-March

Yes, but that's not Q1 in Japan, as you claimed (it's Q4).

1Q2020 refers to January to March period,

1Q2020 was April - June.

January to March was 4Q2019.

2 ( +2 / -0 )

1Q2020 refers to January to March period,

The fiscal year in Japan runs April to March. Q1 in Japan is April-June.

1 ( +2 / -1 )

@strangerland

The fiscal year in Japan runs April to March. Q1 in Japan is April-June.

It's explained in this very article, January-March.

Japan’s economy shrank an annualized 2.2% in January-March

1 ( +3 / -2 )

The economic contagion is following the virus...

0 ( +0 / -0 )

I told you guys, have faith in the government!

True, Abe and Kuroda have been doing a fairly good job, compared to their overseas counterparts. Right now, for example, Washington is stalled as it wrangles over the public support payments, whereas in Japan, the money was quickly approved and continues to be allocated. However, I would have preferred to see better income-linked support rather than the fixed handouts.

Japan's economy could emerge quite strongly if and when a vaccine comes out.

In any case, without the monetary and fiscal stimulus from the govts and central banks, the global economy would have collapsed and we'd all be unemployed.

0 ( +0 / -0 )

GDP never ever meant anything tangible.

0 ( +0 / -0 )

This stainless steel economy of Japan. I'm impressed, Kuroda San from Bank of Japan and Shinzō Abe at their best.

US -30% slump, entire world -20% while Japan -2.2%

I told you guys, have faith in the government!

-10 ( +0 / -10 )

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