google.com, pub-6370463716499017, DIRECT, f08c47fec0942fa0 AlfaBloggers Best Bloggers Team Of Asia : Japan's Economy also Slips Into Global Recession
Showing posts with label Japan's Economy also Slips Into Global Recession. Show all posts
Showing posts with label Japan's Economy also Slips Into Global Recession. Show all posts

Monday 10 December 2012

Japan's Economy also Slips Into Global Recession



Revised figures from Japan's Cabinet Office show the economy contracted at an annual rate of 3.5% from July to September. GDP for April to June, previously rated as a small expansion, was revised lower to an annual contraction of 0.1%.


Japan's gross domestic product has dropped for two straight quarters, pushing its economy into a recession, according to fresh government data released Monday.

Economies are commonly described as being in a technical recession after two straight quarterly contractions. But many countries -- Japan included -- rely on advisory panels to define the length and starting point of recessions.
Economists are increasingly pessimistic about Japan's economy, and many expect GDP to contract in the current quarter as well. The third-largest economy in the world, Japan has suffered from weak exports, a trade spat with China and continued fallout from last year's nuclear disaster and tsunami.
The country's debt-to-GDP ratio is the highest in the world. And much like in the United States, its leaders do not agree on the path most likely to restore growth.

The disappointing revisions come as Japan prepares for an election that could affect monetary and fiscal policy in the country.
Prime Minister Yoshihiko Noda dissolved the lower house of parliament last month, calling for new elections set to take place next week.
Related: What to expect in 2013
Based on current forecasts in Japan, neither of the two main parties is likely to secure enough votes in the election to form a majority government. One possible outcome is a coalition government with LDP leader Shinzo Abe as prime minister.

Abe has held the post in the past, but stepped down citing health reasons in 2007 after only a year in office. If elected, Abe would likely push the Bank of Japan to relax monetary policy and adopt a higher target for inflation.  










Japan Falls Into Recession
Wall Street Journal
TOKYO—Japan 's economy shrank for the second quarter in a row in the three months through September, revised government data showed Monday, indicating that the world's third-largest economy has entered a recession. The revised data will likely ...
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Wall Street Journal
Japan's Economy Contracts More Than Forecast in Third Quarter
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By Keiko Ujikane - 2012-12-10T06:00:08Z. Japan's economy sank into recession in the second and third quarters, fueling opposition leader Shinzo Abe's calls for more stimulus and highlighting the risk that weak growth will derail a planned sales-tax rise.
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Is The U.S. Already In Recession?
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Britain's business minister sees risk of triple-dip recession
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LONDON (Reuters) - British business minister Vince Cable said Britain could fall back intorecession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth. In an interview published on Sunday, Cable ...
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Japan's economy slips into recession
CNN
Japan's gross domestic product has dropped for two straight quarters, pushing its economy into arecession, according to fresh government data released Monday. Revised figures from Japan's Cabinet Office show the economy contracted at an annual rate of ...
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'Spain's recession less than expected'
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