Japan 2024 growth slows despite stronger fourth quarter

Considering the tiny 0.1% GDP growth for 2024, the figure would be in a much worse state without the all-time tourist boom.

0.1% growth with 4-5% rampant inflation means the economy contracted a lot in real terms. This folks is the reason for the ”inflation is good” mantra!!

China's economy grows 48 times faster than Japan in 2024 yet China is experiencing an economic crisis. Oops.

China's economy grows 48 times faster than Japan in 2024 yet China is experiencing an economic crisis. Oops.

Sure.

Because the Chinese Communist Party is just so transparent and believable with their figures.

How are all those abandoned, unoccupied Chinese ghost cities going?

Chinese tourists "hoards" flooding Japanese cities because you cannot believe their figures. Oops.

 Consumption is weak as pay gains have trailed inflation for the better part of three years,"

This is misleading. For nearly 2 decades, at least, Japan was in a DEflationary economy, and wages were stuck in reverse, and unable to break even, while taxes went up. A large part due to the Abe-nomics that have proved to be an abject failure! (Along with LDP policies!)

Oh and dont forget, the "wages" that are referred to here are those fortunate one's to be considered "seishain", and does not include the millions living pay check to pay check

WeiWeiToday  05:03 pm JST

0.1% growth with 4-5% rampant inflation means the economy contracted a lot in real terms. This folks is the reason for the ”inflation is good” mantra!!

0.1% in the real growth not nominal growth. Usually communication of economic growth figures,unless specified otherwise, are in real term not nominal terms.

Gambare:

Sure.

Because the Chinese Communist Party is just so transparent and believable with their figures.

How are all those abandoned, unoccupied Chinese ghost cities going?

Yeah, and all those western and Muslim tourist youtubers in China are making up everything, including the infrastructure, landscape and food. They're probably forcing the poor oppressed Chinese to smile for the cameras too.

Eyes rolling.

When you can't win an argument, make up lies.

This is pathetic. I remember back in the 80s the conversation always being around 5-6% growth. Not this measly 00.1 crud.

WeiWei - the 0.1% growth is already in real terms. But you’re right, it’s paltry, and compares with 0.9% for the UK and the EU and 2.8% for the US. The high CPI other commenters have mentioned means Japan is essentially in stagflation mode.

Going to get worse now the " moron in chief" is actively destroying the world's economy

between some figures indicating Japanese economy and actual life of general citizen who facing worst poverty during last 40 years has large gap.

@ Puker

Yeah, and all those western and Muslim tourist youtubers in China are making up everything, including the infrastructure, landscape and food. They're probably forcing the poor oppressed Chinese to smile for the cameras too.

Eyes rolling.

When you can't win an argument, make up lies.

LOL.

You get your "information" on how great China is doing from influencers there?

I guess that's actually just as empirical as trusting the CCP!

Pukey2Feb. 17 08:16 pm JST

Yeah, and all those western and Muslim tourist youtubers in China are making up everything, including the infrastructure, landscape and food. They're probably forcing the poor oppressed Chinese to smile for the cameras too.

You can pay people to say pretty much anything.

Japan's growth an illusion, they downwardly revised 2023 economic growth in order to make the Year over Year comparison easier, consumer confidence has been sinking in Japan since late 2022, as has the economy.

Plus, Yen's purchasing power is collapsing steadily vs. the dollar and real assets in general.