Take our user survey and make your voice heard.
business

Japan's economy shrinks 0.3% in July-September

10 Comments
By Behrouz Mehri

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2018 AFP

©2024 GPlusMedia Inc.

10 Comments
Login to comment

In a situation like this, it seems to me the numbers could be juggled to give any results that you wanted. How could the average consumer possibly argue the results?

5 ( +6 / -1 )

And government policies are never to blame, it's always the lack of consumer spending and "whatever".

6 ( +7 / -1 )

5 years Abe policy, the only deliverable result, Japan first, the first to take the cost.

0 ( +2 / -2 )

Yup disasters.  Hurricane Haruhiko (Kuroda), Typhoon Shinzo, Tsunami LDP policies.

The storm is coming.

2 ( +5 / -3 )

I see! It was natural disasters! Nothing to do with LDP economic planning!

Whew! What a relief! I was beginning to lose faith for a minute there!

2 ( +5 / -3 )

I am surprised to see Japan always doing better and better on average than other countries while demography cuts now over 300 000 people per year ! And social costs skyrockecting !

-2 ( +1 / -3 )

Japan is doing just fine.... tourism alone has added a significant boost to the economy. According to Japan national Tourism Org... (JNTO). From 2008 to 2012, Japan averaged around 8 million visitors a year. In 2013 it jumped to 10 mil, 2014, 13.14 mil, 2015, 19.7 mil, 2016, 24.0 mil, 2017, 28.7 million. That is massive. An over 300% increase in just 5 years. If each person averaged $500 in spending..... that is easily $10 billion hitting the economy annually. But I'll bet a good amount of it is spent in cash.... which will not hit a lot of government statistics because a lot of small companies will not report it.

-3 ( +2 / -5 )

I am surprised to see Japan always doing better and better on average than other countries while demography cuts now over 300 000 people per year ! 

Low birthrates and small populations are associated with very high living standards. The world's top 10 countries, like Norway and Switzerland, in terms of socio-economic advancement all have "bad" demographics.

If "good" demographics were a factor, sub Saharan Africa would be an economic superstar. On a per capita basis, Japan has been outperforming most of its OECD peers.

Japan's problem is wage suppression, which is the fault of the corporates, not so much the government.

0 ( +1 / -1 )

JeffLee,

i grée with the first half of what you said but disagree on it being big corporate holding Japan down. Japan has for a long long time had one of the highest corporate tax rates in the developed world. That and strict lending practices since bank reform have made it hard for companies to take risks with their profits.

-1 ( +0 / -1 )

Previous commentators did not check the fertility rate of countries cited, way higher than Japan on average for last 3 decades. And people going to those countries which arefar more expensive than Japan are not low skilled at all.

You got it wrong.

Japan should ask for high skilled personel only or lose what its culture is made of.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites