Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan's economy contracts for third straight quarter

By Mari Yamaguchi

Business Aug. 15, 2011 - 03:00PM JST ( 4 )

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1

The Munya TimesAug. 15, 2011 - 11:34AM JST

Scapegoat. Not just the disaster. Problems of long years of mismanagement and business greed are accumulating and peek with the disaster.

The the almighty business lords of Japan (including Tepco) are now trying to cover the loss by looting and making the poorest and the most vulnerable groups of the society to cover the risings cost of the disaster, of their fumbling and mismanagement as well as the squandered fortune of Japan.

Lack of electricity at the same time halts production lines and forces the other business lords to relocate their business to a safer place, safer country, causing more loss to japan and the economy.

Little wonder GDP is shrinking and will go on shrinking.
0

some14someAug. 15, 2011 - 11:54AM JST

Little wonder GDP is shrinking and will go on shrinking

exactly.
-2

MAYGO13Aug. 15, 2011 - 05:51PM JST

Just pack up and move to china!!!!!!!!!!! All hope is gone.
-2

JeffLeeAug. 16, 2011 - 07:20AM JST

All hope is gone.

I like to think not. Hope wrests in the domestic economy. Industries here need further deregulation and consumers need more reasons to spend their savings.