Japan's recession-hit economy shrinks again

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  • 0

    AKBfan

    Abenomics to the rescue?

  • 0

    Frungy

    Japan’s recession-hit economy shrank in the last quarter of 2012, official data showed on Thursday, as weak export demand overseas weighed but analysts pointed to brighter times ahead.

    ... but just last week there was an article showing how Japanese exports had surged in the last quarter on 2012 on the back of a weaker yen, so I'm a little confused. Which was it, higher exports or lower exports, because both can't be true.

  • 0

    AgentZero

    The title in the article is SOOO negative sounding!

    Pep it up! Make it "Japan's Recession-Happy Economy Shrinks Again."

  • -6

    Hide Suzuki

    This is gonna make a lot of posters on this site soooooo happy !!!!

  • -3

    Peter Payne

    AKBfan, um, this was all from October-December, not exactly when Abe was doing anything. But you keep on hatin'.

  • 0

    badman

    I'm not sure why the currency manipulation keeps boosting the economy. Japan no longer has an export economy. Exports only account for 15% of GDP or about the same as the US. So this helps the small block of Japanese companies who export, but it hurts the companies that import and all of the Japanese consumers who are buying imported goods and services.

    @Dog-the quantitative easing that Japan's government used to artificially weaken the yen contributed to your higher energy costs because a weaker yen means more expensive imports.

    It's time the Japanese people rise up and start demanding long-term solutions to their country's economic woes. My wife and I chose to leave Japan because, in my opinion, the next 25 years are going to be a steady fall into economic oblivion. Debt to GDP is about 230% as compared to the US at just over 100%, but when you consider Japan's upside down population, unfunded public pension obligations, skyrocketing costs of health care for their aging society and their refusal to increase immigration to expand the tax base, then you have a recipe for disaster.

    I love Japan and it pains me to feel this way, but I have no doubt it is true. I expect we will return to help pick up the pieces toward the end of our careers.

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