Japan's economy is falling off a cliff. There's nothing out there to drive growth.
Quote of the Day ( 7 )
Junko Nishioka, an economist at RBS Securities Japan in Tokyo (Bloomberg)
JAPAN NEWS AND DISCUSSION
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Daily life in Japan is punctuated by mind-boggling encounters with gross inattention to or tolerance of clearly excessive, unnecessary, easily reducible costs that are, in any case, being incurred and must at some point be paid for.
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Japanese politicians cannot decide on anything. Without an overhaul of the way the nation’s government is structured, Japan will sink within three to five years.
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We, as a creator of images, should not edit our publication in a way that would reinforce the ideal image of beauty built on lopsided ideas. We will make suggestions also for diet and health.
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Who wants to be the first judge to order a crying child to be taken away from a crying Japanese mother and sent overseas? Nobody. When we talk about family law in Japan today, there really isn't any.
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I'll seek the public's judgment after completing what I have to do.
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1
Hosono visits Fukushima No. 4 reactor amid concern over fuel pool
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2
Oceanographer says beachcombers on West Coast may find bones in tsunami debris
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3
Lady Gaga's Indonesia concert canceled after threats
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4
New Jersey town's monument to Korean sex slaves upsetting Japanese officials
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5
241 civil servants file suit over salary cuts
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7 Comments
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telecasterplayer
yikes
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neverknow2
Ummm.....NO!
There is up, down and stationary. Right now it's stationary.
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moose1255874
Some country's may be more encouraged to trade with Japan if they were not down in the southern ocean doing criminal activities, against Australia laws and peoples will. It's called Karma. We have no control over it.
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nisegaijin
You can sit there and call it what you want, but the fact that you know absolutely nothing about economics speaks for itself. Japan is better off than most other countries because their currency is strong - meaning that they won't have to fear inflation or cuts in supply chains once inflation hits world wide; and their banks actually have reserves - meaning that funds will start flowing once supply and demand stabilize. I am not saying that Japan will prosper in next few years, but will be by far better place to be than most other debt driven currency printing countries.
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ca1ic0cat
Consumer spending makes up about 2/3 of the economy in developed countries. With personal debt levels high (not as high in Japan, but higher than they used to be) and people loosing their source of income the economy will have to contract. I would agree with nise for the most part but I worry that, without exports to the US on track, the Japanese economy is going to be hurt very badly. Maybe not as badly as others, but it's still going to hurt.
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