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Japan Enters Recession But No Yen Printing Yet

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Japan has entered a recession, according to its central bank, but its policy-makers held off from further measures to boost growth despite the devastating impact of last month's earthquake and tsunami.

In its first forecasts since the crisis, the Bank of Japan judged that gross domestic product (GDP) grew 2.8pc in the year to March, down from a 3.3pc prediction in January. That implied two quarters of falling economic activity, which represents a recession.

With a national debt twice the size of its economy and an ageing population, Japan was struggling even before the March 11 earthquake damaged much of the infrastructure along its northeast coast and power outages forced companies to shut down production.

Is this a fair assumption?

And of course if it is the result will yet again be more printy printy.

It's worked for 20 years, so it cannot possible fail.

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Thats not a recession??? If it was two lots of less than forecasted growth then we would have been in the s*it for years.

We would sell our souls for 2.8% growth

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the estimates are that japan is in a recession.

the 2.8% growth relates to the annual growth, so although the country may have grown from last year, its probably been contracting since september from its recent peak.

dont forget you can have year on year growth but month on month declines.

Edited by mfp123

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I believe they have a cruise control printing of 1.6 trillion yen a month. About £11 billion pounds a month.

No printing means: no printing beyond that number.

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The policy of the Bank of Japan is very expansionary and it has pumped an enormous amount of Yen into the economy since the disaster on March 11th. So yes they are in fact printing quite hard....

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