business

Japan revises first-quarter GDP growth up to 0.5%

20 Comments

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

© 2016 AFP

©2019 GPlusMedia Inc.

20 Comments
Login to comment

You can play with the numbers all you want Japan, but you're not fooling anyone. This economy is in trouble.

7 ( +8 / -1 )

Interestingly an analyst at SMBC Nikko Securities said the the extra day from it being a leap year probably added 0.9 percentage points to the annualized base. What a difference a day makes.

7 ( +7 / -0 )

But the decision to delay the tax hike drew a warning from credit rating agency Fitch, which said it would “undermine the credibility” of Japan’s commitment to paying down one the biggest national debts.

If Shin-chan and company actually had any intent of actually paying down the national debt, this might actually worry some people. But for them, it's all money printing, all the time! Gotta fill those brown envelopes somehow!

1 ( +3 / -2 )

You can play with the numbers all you want Japan, but you're not fooling anyone. This economy is in trouble.

exactly.

But the decision to delay the tax hike drew a warning from credit rating agency Fitch, which said it would “undermine the credibility” of Japan’s commitment to paying down one the biggest national debts.

who cares? Fitch knows where they can stick it.

2 ( +4 / -2 )

Good Job ! Prime minister Abe ! It is about one month before the election. Whitewash everything. The economy is doing GREAT according to PM Abe, just "make up" some numbers, even though the economy is getting worse. Tell the voters he cares about them by proposing free giveaways and then drop the proposal after the election. Many countries including the USA, European Union, and so on are putting pressure on PM Abe not to artificially devalue the yen any more. The worst has yet to come. Exports have fallen. His minister Aso said the old Japanese people on pension should hurry up and die. Japanese voters need to kick PM Abe out of office by voting for the opposition parties. Only the opposition parties will repeal the security laws and the national secrets laws. The national secrets laws are used to jail news reporters from exposing government corruption, abuses and scandals.

5 ( +6 / -1 )

Seems Tokyo Governor's Bills have been officially sanctioned and taken into growth account.

1 ( +1 / -0 )

Not mentioned is that government spending made up 42.5% of GDP, and much of that "growth" was created via deficit spending in an environment of declining population and declining revenue. This would be like my going to the bank, borrowing a sum of money, and adding this money to my income. It may look like my income has significantly increased, but we all know that is not how it works, at least those of us who are not politicians.

Deficit-spent money should be subtracted from GDP, not added to it. But if they were to do that, they would have to admit that Japan has been in recession for a long time, which is certainly true.

3 ( +5 / -2 )

sangetsu03JUN. 08, 2016 - 01:18PM JST Not mentioned is that government spending made up 42.5% of GDP, and much of that "growth" was created via deficit spending in an environment of declining population and declining revenue. This would be like my going to the bank, borrowing a sum of money, and adding this money to my income. It may look like my income has significantly increased, but we all know that is not how it works, at least those of us who are not politicians.

What did't you know? Abe government will add large spending package as well, it will reduce the pressure for monetary stimulus.

0 ( +0 / -0 )

“One notable thing in the economy is the rising yen, which has taken a big toll on companies,” said Taro Saito

The yen dropped almost 40% from its 2010-2012 level in a steady decline starting as soon as Abe is elected. It then rebounds back 5-10% and we get quotes like this? Abe's devaluaion took "a big toll" on every saver in Japan, but when the news gets reported, all anyone cares about is the big corporations' bottom line.

0 ( +0 / -0 )

Should be at least 6%

-1 ( +0 / -1 )

for the year

1 ( +1 / -0 )

Woo! Hoo! Crack the bubbly! It's a half a percent increase! Bring on the boom! NOT! Abenomics sucks! And, that is all there is to it! He is an out of touch crone recycling the ideals of yesteryear in an international economic environment that mo longer exists for Japanese goods. Get with the program Abe! If you really believe the 70's are still here you should go and live in a hippie commune in Mullumbimby and leave the politics to the 'modernised' people.

0 ( +1 / -1 )

all anyone cares about is the big corporations' bottom line.

You also have to figure that a weak yen would increase costs for goods, causing some of the inflation Abe needs to manage the national debt. With the yen strengthening, prices for many goods become cheaper, especially for things like imported fuel and such, which lowers the prices for food, energy, and other things. These lower prices create deflation, which increases the weight of the government's debt burden.

2 ( +3 / -1 )

doesn't this mean they paid for it with spending? Cut from the bottom and sewn to the top

1 ( +1 / -0 )

Good news Abe Shinzo,but as i always say,those ever angry will not be satisfied.Its funny how they react )) Who cares Abe.Those left wingers-MAINLY FOREIGNERS are masters of easy say!! we do trust wisdom and realism of Japanese when voting on July 10th elections. About Fitch rating,i have very simple question,Where have you been,Fitch and other rating agencies,when L.Brothers bank collapsed in a big bang,though it was given top rating level,TRIPLE A Positive??!!!You are all GANGSTERS!

-2 ( +1 / -3 )

Employers are scrabing for new hires. Employment prospects for uni graduates are about the best they've ever been.

-2 ( +0 / -2 )

Good news Abe Shinzo,but as i always say,those ever angry will not be satisfied.Its funny how they react )) Who cares Abe. Those left wingers-MAINLY FOREIGNERS are masters of easy say!

They also tend to have some substantive arguments, you know, with facts, figures, reasons, things that you never bother with in your posts. Can you refute any of their points with anything other than insults? If not - well, put it this way. If I had a vote but nothing to base my decision on other than the posts here either criticising or supporting the current government, I really don't think I would be voting for my local LDP candidate.

we do trust wisdom and realism of Japanese when voting on July 10th elections.

Oh dear. You just can't come to terms with the very simple fact that a winning candidate does not actually need a majority, can you? The wisdom and realism of Japanese mean nothing when the winner can be someone that most of the voters do not want. I suppose the PR voting system resolves the problem to some extent, but the old Westminster-style first past the post system only works well when there are only TWO parties. But just supposing the LDP do really badly. If you trust the wisdom and realism of Japanese will you then conclude that the LDP must in fact be useless?

0 ( +0 / -0 )

The government is interested in your tax money but cares little on reducing waste. I've seen civil servants run their cars 24/7 for weeks at a time. Look around the massive government offices with their office lights on all the time The taxpayer shells out for that waste........

1 ( +1 / -0 )

If Trump is right, the less government you have, the more your economy grows through competition and less regulations. Since government doesn't produce anything, it has to suck the wealth out of what's left of a real economy.

0 ( +0 / -0 )

The government is interested in your tax money but cares little on reducing waste. I've seen civil servants run their cars 24/7 for weeks at a time. Look around the massive government offices with their office lights on all the time The taxpayer shells out for that waste........

Yep, because as far as some of these public sector people are concerned that money tap is never turned off. Private companies can and do go bankrupt if they don't run a tight ship and the customers stop buying what they're offering. Taxpayers can't exactly take their custom elsewhere, unfortunately.

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