Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Japan Contracts Third Straight Quarter; No Escape

IMG Auteur
Published : February 14th, 2013
242 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

Economists predicted an end to the recession in Japan.

However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession

Japan's economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government's push for radical policy steps to revive growth.

Gross domestic product (GDP) fell 0.1 percent in October-December from the previous quarter, compared with the median forecast of 0.1 percent expansion, according to a Reuters poll.

Economics Minister Akira Amari said while the economy was still showing some weakness, it was likely to resume moderate recovery helped by monetary easing, stimulus spending and an expected pick-up in global growth.

On an annualized basis, the economy contracted 0.4 percent, Cabinet Office data showed on Thursday. Economists had expected a 0.5 percent annualized increase.

Private consumption rose 0.4 percent from the previous quarter versus the median forecast for a 0.5 percent increase.

Capital expenditure fell 2.6 percent, more than the median estimate for a 1.8 percent decline, marking the fourth straight quarter of decline.

A $117 billion stimulus package is likely to pass parliament in coming weeks.
No Escape

Those are not good numbers. Moreover, given Japan's massive debt-to-GDP ratio, there is virtually no escape for the predicament Japan is in.

If you are looking for who and what to blame, the answer is simple: Keynesian and Monetarist stimulus foolishness.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Data and Statistics for these countries : Japan | All
Gold and Silver Prices for these countries : Japan | All
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Gold & Silver Market Morning
17 Decsamking731
Gypsie, my take on what he's saying is on paper gold, not actual gold that you are holding in your hand. In that way, gold is gold, though Pandas ...
Gold & Silver Market Morning
17 DecGypsy1
You have me confused Julian. When you say "We believe that holders of gold in the Ruble. . . . ." I take it you are not talking about someone hold...
New Poll Shows US Citizens in Ev...
17 DecJosu O.
It's very sad to see such support of torture in USA. What is incredible is that a lot of those people consider themselves christians and nice peopl...
Mark of the Beast: Microchips ‘T...
15 DecGypsy
The really scary Future Event (scary to The Powers That Be) will be telepathy: communication without implants among ALL humans. That point comes wh...
Elliott Wave Charts Point to Sho...
15 DecS W.
Are they the same Elliott waves by Bo Polny who predicted that Gold would be $2000 by year end? Gold remains in a downtrend for all to see.
Hugo Salinas Price Asks Mexico f...
15 DecGypsy
Mish, the Salinas idea is only half a solution. On the up side; it would be only a half-solution here too. The other half of the solution is to get...
Mark of the Beast: Microchips ‘T...
15 Decsamking732
With things like this and the news that the govt is buying top bankers survival kits, why are preppers still considered the "Kooks"? It seems to m...
Declaring War on Russia?
14 Decphrv3
Why wouldn't the Obama administration lie? It has always worked, and will... as long as americans let their "representatives" misrepresent them!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.