business

Japan revises April-June growth data up to 3%

12 Comments

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12 Comments
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Pay attention to those words printed in bold letters! Government data, that says it all. Didn't see any growth in my wallet.

When a job has no added value Japan should think about ending permits..

-1 ( +1 / -2 )

If you ain't getting your fair share of the bounty, then it's your employer's fault, not the gov'ts.

So brilliantly said. With record low unemployment, (2 percent) if you are NOT getting the salary rise, then DEMAND it, and then walk to another job if the company denies. Its that simple.

-2 ( +2 / -4 )

Hahaha more like forged. The fact that there's no external auditing goes to show just how ridiculous the system of governance is in japan. How many cases of blurred lines have been uncovered so far in say the automobile industry? What a joke!!!

4 ( +5 / -1 )

 Didn't see any growth in my wallet.

Then blame your employer. The govt and central bank set out to make the economy grow a few years back. That was accomplished solidly, with the longest expansion in 3 decades, even with a shrinking working-age population!

If you ain't getting your fair share of the bounty, then it's your employer's fault, not the gov'ts.

-2 ( +2 / -4 )

"The Japanese economy grew at a robust annual rate of 3 percent in April-June, according to revised government data, on the back of healthy capital spending."

Pay attention to those words printed in bold letters! Government data, that says it all. Didn't see any growth in my wallet.

4 ( +5 / -1 )

More people have jobs = more spending = more growth. And things will only keep improving!

Just because more people have jobs does not automatically equal an increase in consumer spending. I don't know where you get this idea from, as historically speaking the average Japanese household refrains from spending in uncertain economic conditions like they are now.

Increased taxes, a pending increase in the consumption tax, real wages stagnant or falling and businesses making near record profits but not passing along the increases to their employees?

You can make a statement like this with a straight face?

5 ( +6 / -1 )

Revised? So what's actually the real number? Handy for the Shogun at this time.

4 ( +5 / -1 )

on the back of healthy capital spending.

Backed by stimulus packages from the government, meaning that the actual money is coming from tax money and not investments.

and consumer spending holds up.

Huh? Wasn't it just last month that reports were showing that consumer spending was flat to nothing?

5 ( +6 / -1 )

How about a 3% growth in wages, then.

2 ( +4 / -2 )

Time to start thinking of rolling back all the ridiculous central bank intervention and let the economy stand on its own 2 feet.

4 ( +4 / -0 )

Well they can only get better, right? Thank the heavens for our divine and glorious leader.

5 ( +5 / -0 )

Really satisfying to read this, 3% growth is something the Abe Cabinet will be proud of. More people have jobs = more spending = more growth. And things will only keep improving!

-9 ( +2 / -11 )

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