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© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Japan's economy contracts 3.6% in 3Q on weaker spending, trade
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Tom Doley
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.
dagon
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.
Wakarimasen
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.
Eastman
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.
Iron Lad
Bad news, hopefully Japan will recover this Q4.
Yrral
Zombie Economy, maybe their learn from China, while the US fuel China GDP
JeffLee
@Zoroto
Yeah, I did. A "slump" is a short-term situation. The poster's examples of demographics, etc., are structural. Apples and oranges.
JeffLee
This the effect of the pandemic, which hopefully won't last forever.
JeffLee
@Zoroto
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.
Robert N
Print more money