Japan is Back!

[AssKissinger]

The mighty economic machine is on a fucking roll!

Japan's economy appears to be recovering strongly after more than a decade of decline and a series of spluttering attempts to bounce back, a top U.S. economic official said Thursday

[kamome]

The mighty economic machine is on a fucking roll!

Japan's economy appears to be recovering strongly after more than a decade of decline and a series of spluttering attempts to bounce back, a top U.S. economic official said Thursday

Well hallelujah. Now those 800 yen-1000 yen pints we've been drinking are all going to get even more expensive real soon.

[AssKissinger]

The only thing that's gonna get inflated is my gigantic johnson. Let the good times roll!

[Cubed]

Hold off on pumping your Johnson there.

Note the wording. "Japan's economy appears to be recovering strongly after more than a decade of decline".

In 1999, the tech boom appeared to go on growing forever, and meanwhile your gran was putting her jar of life savings in "tech stocks". From where I'm sitting right now, I can see a blackbird out of the window, which appears to be six foot high standing at the bus stop.

Japan's economy will come back but don't expect it to "bounce". Nothing bounces when it's tied to a string of underperforming loans.

The recovery will be steady, not rapid. The wording will be "Japan's economy has recovered from a ten year low."

[Buraku]

a lot of bull if you ask me.

The man in India was shouting that slogan...that was until the people in the smaller towns and rural areas realized that they had less jobs, more poverty and higher crime

India was said to be on an economic recovery, but the poor areas, farmers, small towns and homeless never got to see that wealth. Then of course they voted in that miss Gandhi gaijin to sort the mess out

Seems like Japan could do the same

Koizumi talks the economic recovery bull-crp but what is happening in reality
a few lawmakers, top firms and rich bankers get richer

While the poor, middle class, buraku and working class just get poorer. See
mitsubishi cuts jobs, pension system in a mess, homless numbers at record levels, wages and X mas bonus have not increased in over 10 years, elderly people at record numbers putting starin on the health system, and Japan electronics and chip makers losing out to S Korea, Europe and China


Economic recovery..only if you're in the elite zaibatsu club

As the pension scandla hits...could Japan go leftist in the next election?

[Captain Japan]

a lot of bull if you ask me.

Koizumi talks the economic recovery bull-crp but what is happening in reality
a few lawmakers, top firms and rich bankers get richer

Exactly. The countryside of Japan is slowly rotting. Everything is slowly marching to the city centers (sort of a like shrinking block of ice) with everyone going for the ride.

[Ol Dirty Gaijin]

Going where??

Mitsubishi closes factory, cuts jobs

The closure of one of two Mitsubishi plants in Australia was part of a global restructure that was the carmaker's last chance at survival, Mitsubishi Motors Corporation president Yoichiro Okazaki said today.

Mr Okazaki confirmed the closure of Mitsubishi Australia's engine assembly plant at Lonsdale in Adelaide's south, resulting in between 600 and 700 job losses.

Japanese media today reported the global restructure would cut Mitsubishi's worldwide workforce of about 44,000 people by 10 per cent.

[Taro Toporific]

Hold off on pumping your Johnson there.
Note the wording. "Japan's economy appears to be recovering strongly after more than a decade of decline"."

Well, in the short term....
Here at Morons-r-Us Corporation we been hiring like crazy, adding manufactering capacity, and trying to keep up the China demand. It's the best in 15 years.

Booming China devouring raw materials
MSNBC - May 21... What is happening is a ripple effect from the ascendant economic force of China, whose seemingly insatiable demand for raw materials is reshaping commodities markets worldwide and straining the systems that move goods on land and sea.
The China Syndrome, as it known, explains why as many as one-fifth of the bulk freighters in the world are effectively unavailable on any given day and why the cost of moving bulk freight has more than doubled in just over a year. ...

[Mulboyne]

From the UK Daily Telegraph's "Alex" series

[Ol Dirty Gaijin]

Very informal but Japan related
Via Crikey May 2004

Why the hell did we invest in Australia?
Aqua Del Ray: Japanese company based in Kobe that ploughed $250 million into the Laguna Quays resort in the Whitsundays and then sold it to Village Roadshow for $23 million. The ANZ also took a huge bath.

Asahi Breweries: Japanese brewer bought 20 per cent of Foster's off John Elliott and lost a few hundred million when it almost went broke in the early 1990s.

Daikyo: the Japanese property giant spent way to much developing things like Green Island off Cairns, the Gold Coast International hotel and Palm Meadows resort.

Daimaru: dropped more than $200 million on their upmarket retail stores.

Itochu: the Japanese industrial giant dropped plenty in the PowerGen consortium that bought the Yallourn power station.

Kumugai Gumi: whacked by the property market in projects like Melbourne Central.

Mitsubishi: despite regular government bailouts the Australian operation is still marginal and may be closed.

Nissan: Could never turn a dollar in the car business and shut down manufacturing in 1992 in an exit that cost $1 billion.

We love making truckloads in Australia

Mazda: turn over about $600 million a year from imports but wise not to manufacture here.

Mitsui: have made lovely profits out of coal and iron ore.

Mitsubishi: the Coal and Allied acquisition has been a ripper for this Japanese company although the car operations have been more troubled.

Toyota: the most successful of the car manufacturers over the years.

It aint what you do, it's the way that you do it.

[Taro Toporific]

The mighty economic machine is on a fucking roll!

Japan's economy appears to be recovering strongly after more than a decade of decline and a series of spluttering attempts to bounce back, a top U.S. economic official said Thursday

Hmmm. Maybe not.

Japan grows 'much slower' than Tokyo suggests
FT Market Watch - MAY 24
Japan is growing at less than half the speed suggested by official data because of problems in calculating deflation and providing adequate seasonal adjustment, according to new research.

[GuyJean]

Japan is growing at less than half the speed suggested by official data because of problems in calculating deflation and providing adequate seasonal adjustment, according to new research.

HA! I knieeeeew it!!

Japan's gross domestic product grew 1.4 percent in the three months to March from the previous quarter, beating a consensus forecasts....

But doesn't it mysteriously get re-adjusted in a few months? The 1.4 will become 1 due to "re-adjustment".. I think I remember reading an article where the previous quarter's GDP was "adjusted to reality".. or something of that nature.. Maybe inflation?.. It's all bullshit anyway, IMO. Just like all the other Japanese 'statistics'.
http://www.fuckedgaijin.com/forums/showthread.php?t=6955

BULLshit, I tell you..

It's hard to have real statistics when your country is run on tatemae..

GJ

[jingai]

It's hard to have real statistics when your country is run on tatemae..

Try deciphering the latest politicized statistics from China. If wishes were yuan...

[GuyJean]

Try deciphering the latest politicized statistics from China. If wishes were yuan...

No thanks.

Actually, BS stats can be be said about almost anywhere.. There just seem to be less checks and balances here.. Spoon-fed news without flare or flavor..

GJ

[GuyJean]

Gee, Dhee Pee on me.
Yen Tumbles After Weak Japan GDP Data
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5963739

Japan's economy grew 0.4 percent in April-June from the previous three months, government data showed. That was well below a median forecast of 1.0 percent growth in a Reuters poll.

"The numbers are worse than expected, and coming especially at a time when oil prices are at record highs this news is being taken as a clear negative for the yen," said Junya Tanase, currency strategist at JP Morgan Chase in Tokyo.

Dag nabbit!.. Come on Japan. Cook those books! I want 101 or 103, not 112.

I'm interested in what this .4% GDP will look like after it's 'adjusted to reality'..

GJ

[Taro Toporific]

Dag nabbit!.. Come on Japan. Cook those books! I want 101 or 103, not 112.

I'm still planning on 104yen/1 USD for my Christmas vacation mad money. However, there's a lot worry among Japan's economists about the China Syndrome.

Good overview....
Japan economists split over China cool-down
Kosuke Takahashi, Asia Times, 12 August 2004

[AssKissinger]

Interesting NPR audio clip

"Japanese don't know what happiness means"



http://www.npr.org/dmg/dmg.php?prgCode=ATC&showDate=27-oct-2004&segNum=14&mediaPref=RM&getAd=1

[Taro Toporific]

Japanese growth grinds to a halt
. BBC News, UK - 12 Nov
Growth in Japan evaporated in the three months to September, sparking renewed concern about an economy not long out of a decade-long trough. ..

[Buraku]

Japan stocks sink 8% amid Trump's tariff war
https://asia.nikkei.com/Business/Market ... tariff-war

Nikkei 225 plunges on Trump tariff concerns
https://www3.nhk.or.jp/nhkworld/en/news/20250407_B33/