business

Growth figures show Japan on recovery track

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© 2012 AFP

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4.1% growth. Japan now has one of the highest GDP growth rates in the developed world. This economy is crackalackin' again thanks to the announcement that the nuclear plants in Oi will be up and running again.

A year and two months after the tsunami and what have we learned? Japan cannot be stopped. Japan cannot be slowed down. Japan is a beast, and now we're going after the world #1 economy spot!

-16 ( +0 / -16 )

A 4.1% growth rate is impressive. What other developed nation is posting numbers like this? Mark my words: In three years we'll be talking about the New Bubble.

-9 ( +1 / -10 )

Good to see but no where near enough yet, atleast things seem to pointing in the right direction.

1 ( +1 / -0 )

The yen has been gaining against the USD since the end of march.. interesting to see how this will affect exports in the 2nd quarter.

Hojo: the 4.1% growth assumes it will continue like this for the rest of the year. Possible slowdown in china, greece exiting the euro along with other turmoils.. lets not get too much ahead of ourselves but its good for a pat on the back

3 ( +3 / -0 )

Japan cannot be stopped. Japan cannot be slowed down. Japan is a beast, and now we're going after the world #1 economy spot!

Hojo -- have you missed all the business news of late? Sony losing $ billions and laying off 10,000? Or how about Panasonic losing more $ billions!? As the article says, this increase was fueled by government spending and some recovery in domestic spending from the post-quake levels. But let's wait and see what the real under-lying strength of the economy is in a few more quarters.

4 ( +4 / -0 )

And this happened during a period of very few of the nuclear reactors operating, less than 5 and an increase in fuel imports to cover the loss of nuclear energy.

Where's all that economic doom and gloom that pro nukers stated would happen with nuke energy?

5 ( +5 / -0 )

Hojo, considering TEPCO and others have made massive increases in delivered electricity costs, the 1% growth in exports means a 10%+ loss in income expected. Unless Japan restarts half the nuclear plants (enough to cover the estimated demand this year), we will see some long lasting declines as companies move more production oversees simply for cheaper electricity (as well as all the other benefits that were previously there).

-1 ( +1 / -2 )

My business, solar power related, is horrible.

-1 ( +0 / -1 )

Rejoiced at the news (!) Result of numerous stimulus packages costing trillions of Yen.

0 ( +1 / -1 )

"Growth figures show Japan on recovery track.." BUT TSE is on different track sliding downward !

0 ( +0 / -0 )

BS ur in deflation for 20 over years. there is no recovery believe me. at 80 yen/dollar stop dreaming

0 ( +1 / -1 )

All this growth is being driven largely by government borrowed reconstruction spending plus the handouts to car manufacturers ( I mean the eco car subsidy program ).

2 ( +2 / -0 )

Japan is back, baby! And this economy is crackalackin'! Just wait until we get all the reactors back online, you'll see 20% to 25% annualized growth.

-10 ( +0 / -10 )

Reconstruction is a boost but what of the massive growth in the number of senior citizens,the high yen and the low birthrate?

All of these point to a glppmy outlook.......

1 ( +1 / -0 )

@ Hojo,,,, I just love your sense of humor mate...hey , I,ll bite and even say that you are underestimating...I think the growth will be double of what you predict...yey

-1 ( +0 / -1 )

A graph goes up and down..1% if that excites you...lucky boy/girl, other.

-1 ( +0 / -1 )

It's all about the yen, I think. Yen gets cheap, economy gets better. Yen gets expensive, economy gets worse.

Here's the yen/dollar chart for this year from x-rates:

http://www.x-rates.com/d/JPY/USD/graph120.html

The yen seems to be strengthening again, though it's not certain.

0 ( +0 / -0 )

It's temporary. The reconstruction following the tsunami is increasing spending in the economy, which leads to growth. But the reconstruction won't last forever, it will end and so will this economic growth. I doubt that it will be sufficient to clear out the long-term problems of Japan's economy.

In the long-term, Japan needs a weaker Yen, it is losing its manufacturing sector to the strong Yen.

0 ( +0 / -0 )

also losing its manufacturing sector to China

0 ( +0 / -0 )

International news media reach the opposite conclusion...........

http://www.bloomberg.com/news/2012-05-22/japan-rating-cut-by-fitch-on-leisurely-efforts-to-tame-debt.html

0 ( +0 / -0 )

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