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© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Japan revises April-June growth data up to 3%
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Ganbare Japan!
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!
AgentX
Well they can only get better, right? Thank the heavens for our divine and glorious leader.
Kaerimashita
Time to start thinking of rolling back all the ridiculous central bank intervention and let the economy stand on its own 2 feet.
PerformingMonkey
How about a 3% growth in wages, then.
Yubaru
Backed by stimulus packages from the government, meaning that the actual money is coming from tax money and not investments.
Huh? Wasn't it just last month that reports were showing that consumer spending was flat to nothing?
Cricky
Revised? So what's actually the real number? Handy for the Shogun at this time.
Yubaru
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?
JeffLee
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.
Wallace Fred
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!!!
Ganbare Japan!
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.
Netgrump
When a job has no added value Japan should think about ending permits..