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Japan's economy contracts 3.6% in 3Q on weaker spending, trade

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-7 ( +0 / -7 )

Japan's Cabinet has approved a record 56 trillion yen, or $490 billion stimulus package, including cash handouts and aid to ailing businesses, to help the economy out of the doldrums worsened by the coronavirus pandemic. Parliamentary approval of the plan is expected this month.

You can see the blossoming of glorious recovery all around!!

Actually only in the financial markets, the intended focus of all this stimulus from the public treasury directed at businesses and conveniently bypassing the public.

1 ( +2 / -1 )

This is the new norm for Japan. It's inevitable with a shrinking population, lack of innovation, archaic processes, and a gov hell bent on buying war toys and showing off Olympic stadiums.

2 ( +6 / -4 )

This is the new norm for Japan.

This the effect of the pandemic, which hopefully won't last forever.

-4 ( +1 / -5 )

This the effect of the pandemic, which hopefully won't last forever.

I guess you didn't make it past 3 paragraphs:

"The world's third-largest economy was in a slump before the pandemic hit"

3 ( +6 / -3 )

Bad news, hopefully Japan will recover this Q4.

-1 ( +1 / -2 )

@Zoroto

I guess you didn't make it past 3 paragraphs:

Yeah, I did. A "slump" is a short-term situation. The poster's examples of demographics, etc., are structural. Apples and oranges.

-2 ( +0 / -2 )

Yeah, I did. A "slump" is a short-term situation. The poster's examples of demographics, etc., are structural. Apples and oranges.

Japan's issues are structural. Aging population combined with extremely low productivity.

4 ( +5 / -1 )

@Zoroto

Japan's issues are structural

So you believe that the 3.6% GDP contraction in the article is a symptom of Japan's "structural" issues ("the new norm") rather than the pandemic's impact. OK, I'm holding you to that. According to you, Japan will be shrinking each year by around 3.5 percent from now on, including after the pandemic subsidies. Let's see if you turn out to be right. LOL.

-5 ( +0 / -5 )

So you believe that the 3.6% GDP contraction in the article is a symptom of Japan's "structural" issues

There is a word for the logical fallacy you are making here....

1 ( +2 / -1 )

Given their only solution is to print (counterfeit) money and they will not allow any kind of meaningful immigration to supplement low rate of childbirth, this is inevitable and likely to continue.

A reckoning is coming.

0 ( +0 / -0 )

just some random numbers.

Japan exports went up because of weaker JPY against USD and EURO.

dont look for any more reasons except this for this "growth".

simple math.

0 ( +0 / -0 )

Zombie Economy, maybe their learn from China, while the US fuel China GDP

-1 ( +0 / -1 )

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