Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

Cabinet Office cuts fiscal 2011 growth forecast to 0.5%

Politics Aug. 13, 2011 - 06:12AM JST ( 3 )

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some14someAug. 13, 2011 - 07:10AM JST

“Looking to the future, we need to pay attention to the impact of the growing uncertainties in the global economy as well as of fluctuations of foreign exchange rates on the Japanese economy,” the report added.

yes, so disregard all positive figures and put GDP in negative growth and then govt should continue to work hard...!
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ka_chanAug. 13, 2011 - 02:06PM JST

Ok, the yen is at an all time high against all currencies, the Japanese debt is a 200% of GDP and they need to borrow more to pay for March 11th, and they expect growth and not contraction when people are afraid of their own food supply?
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globalwatcherAug. 14, 2011 - 03:10AM JST

Am I the third to post for this article? Very shocking. Maybe Japanese just do not care anymore.

I tell you this is a bottom line when fiscal and monetary policies of Japan in the past 30 years all FAILED. Japan needs to start promoting a LIFE TIME education and injecting a job growth policy to send all unemployed workers back to work.

The J. unemployment 4.7% is relative to US 9.4% (Japanese UI calculation is mostly based on 3 months while US is based on 6 months). This is very, very high especially this stats does not include workers who already gave up looking for jobs.

A domestic job growth is a #1 priority for Japan to keep the house in order while a J business sector is moving manufacturing to overseas with strong yen. This is a big challenge for Japan.

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