interestrateripoff Posted November 15, 2010 Report Share Posted November 15, 2010 (edited) http://www.nytimes.com/2010/11/15/business/global/15yen.html?ref=business Japan’s economy gained momentum in the third quarter, growing at an annualized pace of 3.9 percent, as the final stretch in government stimulus gave private consumption a last-minute lift.Still, economists warned of an imminent slowdown as a strong yen, faltering exports and the end of generous government incentives on fuel-efficient cars pinch company earnings. Deflation, or the debilitating and widespread decline in prices, has also weighed on Japan’s recovery from its worst recession since World War II. “The growth rate itself beat our expectations,” said Norio Miyagawa, senior economist at Mizuho Securities Research and Consulting. “But that growth was helped by a spike in spending by consumers racing to benefit from the last of the government incentives.” “We can expect the economy to slow in the coming months,” he said. “After that, recovery will depend on how the global economy holds up.” The new figures showed that gross domestic product expanded 0.9 percent in the three months to September from the previous quarter -- Japan’s fourth consecutive quarter of growth -- accelerating from a 0.4 percent gain in the second quarter and beating a median forecast for a 0.6 percent rise. The expansion translated to an annualized gain of 3.9 percent, topping the annualized expansion of 2 percent in the United States in the same quarter. Private consumption, which accounts for about 60 percent of the economy, increased 1.1 percent, helped by government incentives on the purchase of fuel efficient cars and energy-saving appliances. Those incentives ended in September. But in a sign of slowing demand overseas, net exports made no contribution to growth in the July-September quarter. More recent economic data, including sluggish capital expenditure numbers, have pointed to a slowdown in Japan’s economy, the world’s third largest, after those of the United States and China. The yen’s surge this year to 15-year highs, and an economic slowdown in China, Japan’s largest trading partner, also poses risks to Japan’s economic outlook, economists say. You see what can be achieved with free money! All what we need to create and stimulate demand is free money... Hi ho Hi ho it's off to the printers we go.... Edited November 15, 2010 by interestrateripoff Quote Link to post Share on other sites
Bloo Loo Posted November 15, 2010 Report Share Posted November 15, 2010 printing tends to do this. Quote Link to post Share on other sites
easy2012 Posted November 15, 2010 Report Share Posted November 15, 2010 printing tends to do this. For a quarter or two... Quote Link to post Share on other sites
stormymonday_2011 Posted November 15, 2010 Report Share Posted November 15, 2010 http://www.nytimes.com/2010/11/15/business/global/15yen.html?ref=business You see what can be achieved with free money! All what we need to create and stimulate demand is free money... Hi ho Hi ho it's off to the printers we go.... It seems Bernanke has achieved for Japan what its own finance ministers found impossible for two decades. Shame he can not do the same for the US. Funny old world Quote Link to post Share on other sites
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