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© 2013 AFPJapan revises down July-Sept growth to 0.3%
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© 2013 AFP
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Onniyama
The reality of Abenomics is starting to set in. The rich corporations will keep the money and nothing will trickle down. But that is what people voted for so they must be happy about it.
rowiko68
Not that I'm surprised. And if not even corporate spending can maintain the momentum, what will happen to consumer spending come April 1? At the end of the day the Government will be even deeper in debt, the economy roughly where it was before, and all of us have less money in our pocket.
In_japan
Govt should focus on creating more jobs and manufacturing affordable goods. Holding yen rate, injecting money into market and raising tax are not the best solution.
Louis Tan
It is actually much worse but the secrets act states very clearly that you cannot report the truth. The truth is what Shinzo Abe and Kuroda say is the truth. So, all must take whatever news come out from Japan with a tubful of salt.
kibousha
Abenomics' QE is not gonna sway coorporations to stop hoarding cash and start spending, even borrowing to invest in its own future. The money is just gonna sit there doing nothing. Japan seems to have forgotten that their success was attributed to how they massively as a nation took big risks and invest in their manufacturing industry. Asteroid minings, cheap launching of space vehicles, quantum computers, these are just a few of things that Japan can start investing heavily to ensure its future.
davestrousers
Yep, pick a few things you know nothing about but sound cool and they'll save Japan. Its even more pie in the sky than Abenomics. Did it even occur to you that Japan has/is already investing in some of these things?
CaptainToss
Blimey, and that's after last week's stimulus package? 5.4 trillion yen well spent there. Can I have some?
BluesRee
Abe will rue the day his name got applied to this scheme. Bad demographics in Japan, ain't nothing gonna save it.
Louis Tan
Perhaps it was a -0.3% but for appearances sake the negative sign has been changed to a plus. But this is a secret. You can be jailed if you reveal the truth. Truthfulness is not tolerated under the Shinzo Abe regime.