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© 2021 AFPJapan growth slows in Q4 as economy shrinks 4.8% over year
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© 2021 AFP
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ReasonandWisdomNippon
I would try to act like it's a surprise, but it's not.
Even before Covid hit, Japan was in a stagnation with high debt. I hope this will be the wake up call necessary to get the economy back on track.
divinda
And yet this morning the Nikkei stock market hit a new high of over 30,000 for the first time in 30 years.
dagon
Dump truck loading and helicopter dropping money into corporations and financial institutions by quantitative easing and direct stimulus while ignoring the laboring public in a pandemic.
Who would of thought this would be the result?
stickman1760
Japans GDP grew in the October to December period marking the second consecutive quarter of expansion. Of course things were not good in 2020 but you could say that for any country.
venze
Do expect the shrinking of GDP in most global countries for year 2020. Japan drops by ~5%, about half of UK's ~10%.
Strange though, the Nikkei index shot above 30,000, first time after its peak at 32,000 in 1990, then quickly started to keep dropping.
Something is awkwardly amiss. Perhaps something very devastating may really happen to global stock markets in the near future..
Mark Harris
I believe a global economic reset is imminent. All economies except for China are having a very rough time.
Japan's economy IMHO cannot sustain this with the grey demographic swelling to bursting, suppressed demand for Japanese goods, woeful food security & domestic food production about to fall off a cliff from its already feeble approximately 25% - this translating to high levels of food imports/outgoings.
Not to mention the electronics industry being a mere shadow of the juggernaut it once was and China & Korea doing their best to take more market share of the auto industry. Ship manufacturing and steel have already sailed it seems.
This is a perfect economic storm the likes of which Japan has NEVER seen.
That all said, fear not! Japan historically, only makes significant changes when struck by disaster and hardship and it is looking like not only Japan, but globally, a good, much needed dose of change is en route.
Buckle up people - this might get a bit bumpy.
AzabuSamurai
Actually, Japan is doing great if you look at the double digit growth over the last two quarters.
Yubaru
Funny.... if folks look at Bloomberg, it's a hell of a lot more positive!
https://www.bloomberg.com/news/articles/2021-02-14/japan-s-economy-clocks-double-digit-growth-for-a-second-quarter
Fighto!
I think the outlook is positive. Nikkei at this minute @ 30,018 points...highest since 1990! Throw most of your spare cash in the Japanese stock market, the rest in Bitcoin. Watch the boom in 2021!
Roblib
Yes Japan will be fine, overall Asia took less of a hit from Covid compared to US and Europe. Money inflows into Japan and other Asian markets has been very high recently. Keep in mind too that the actual economy and the stock markets are almost never correlated. Stock valuations are mostly priced on future potential not necessarily past performance. If inflows keep coming in and Nikkei hitting highs then the perception from smart money is this will continue. Sure we will get pullbacks here and there which are normal and healthy but overall, stay LONG.
gokai_wo_maneku
For some people 4.8% may not sound like a lot. But 4.8% of something huge is also huge!
SandyBeachHeaven
I would like to see a real Yen value verses the dollar. ¥150 = $1.00
vanityofvanities
Oct.-Dec. was good because of Go-To-campaign. But it will sink Jan.-March due to State of Emergency. Japanese stocks rose hoping the end of the corona by the vaccines. When the corona is held down, the expectation will end and real economy will matter after that.
Udondashi
Well, this is what happens when give perks to 1% of LDP/Komeito lobby instead of 99% of real economy !
Sven Asai
Even I can’t understand why the Nikkei225 extraordinarily celebrates such data with highest values ever (since the bubble in the ‘90s)
Sindhoor GK
@matej nahh. 1$=105 yen is fine.
SandyBeachHeaven
¥160 = $1.00 In reality