omg, Japan's GDP MURDERED in Q4

[StageLeft]

Link

BTW, we should remember that Japan has barely grown in the last 15 years. Its GDP growth between 1990 and 2004 averaged 1%/year. Even after their lost decade was gone they have grown at rates much slower than the West, in recent years. Now this, they are truly in a bad way.

And I know it's been discussed at length, but they had and continue to have massive government intervention, the kind that the US is touting. It continues, in Japan, to allow the continuity of impractical companies to run indefinitely.

*2/15/2009*

<a target=_blank class=ftalternatingbarlinklarge href="http://news.bbc.co.uk/2/hi/business/7891849.stm">Now the government has confirmed that in October to December last year Japan's gross domestic product fell by 3.3%.

It is the equivalent of an annual decline of 12.7% - the worst figures since the 1970s.
</a>

 

[Aimster]

What is the unemployment rate there?

 

[dullard]

While I do hate to see any economy suffer, I have been getting a chuckle out of Sony's latest profit statement. Down 95% in one quarter. Looks like they won the high definition battle, but lost the business war by paying WAY too much for exclusive rights.

 

[StageLeft]

Originally posted by: Aimster
What is the unemployment rate there?

Google says still quite low

But with their exports digging the depths of the outhouse, it's going to rise inevitably

 

[dphantom]

Originally posted by: Aimster
What is the unemployment rate there?

4.4% in Jan up from 3.9% in December.

 

[mugs]

I guess it's time for Nintendo to develop a new Wii peripheral. They already have the hands and feet taken care of, clearly the head is next.

 

[Phokus]

Originally posted by: mugs
I guess it's time for Nintendo to develop a new Wii peripheral. They already have the hands and feet taken care of, clearly the head is next.

Just develop the Wii Sex and get it over with

 

[MovingTarget]

Wow. That is a pretty big drop for a quarter. Hopefully this isn't the start of another 'lost decade' for Japan (or the US for that matter).

 

[miketheidiot]

Originally posted by: Skoorb
Link

BTW, we should remember that Japan has barely grown in the last 15 years. Its GDP growth between 1990 and 2004 averaged 1%/year. Even after their lost decade was gone they have grown at rates much slower than the West, in recent years. Now this, they are truly in a bad way.

And I know it's been discussed at length, but they had and continue to have massive government intervention, the kind that the US is touting. It continues, in Japan, to allow the continuity of impractical companies to run indefinitely.

japan got caught in a deflationary trap, largely because the government was too slow to intervene in the first place, and combined with their citizens which just decided to buy us debt instead of goods and services.

 

[Aimster]

Wonder how South Korea is doing. They were kind of the "next" Japan.

 

[TheSlamma]

Guess those baby duster outfits and other useless gadgets just aren't holding up in sales

 

[StageLeft]

Originally posted by: TheSlamma
Guess those baby duster outfits and other useless gadgets just aren't holding up in sales

They need to ramp up the number of vending machines that sell used panties, that will fix them.

 

[abaez]

Originally posted by: Skoorb

Originally posted by: TheSlamma
Guess those baby duster outfits and other useless gadgets just aren't holding up in sales

They need to ramp up the number of vending machines that sell used panties, that will fix them.

I'm sorry but is this just an urban myth? I spent two weeks there last year and looked everywhere for a panty vending machine (new or used) and could not find one anywhere. Even my friend who lived there said he had never seen one.

More on topic, hopefully the yen falls against the dollar because I'm going again in April.

 

[StageLeft]

Originally posted by: abaez

Originally posted by: Skoorb

Originally posted by: TheSlamma
Guess those baby duster outfits and other useless gadgets just aren't holding up in sales

They need to ramp up the number of vending machines that sell used panties, that will fix them.

I'm sorry but is this just an urban myth? I spent two weeks there last year and looked everywhere for a panty vending machine (new or used) and could not find one anywhere. Even my friend who lived there said he had never seen one.

More on topic, hopefully the yen falls against the dollar because I'm going again in April.

Honestly I cannot remember now. I'm fairly sure I saw one on TV. I bet google would solve it

 

[JSt0rm]

Originally posted by: Skoorb
Honestly I cannot remember now. I'm fairly sure I saw one on TV. I bet google would solve it

I always have time to look up Japanese panties

http://www.snopes.com/risque/kinky/panties.asp

 

[JS80]

wow...that's kind of crazy. decoupling my ass idiot schiff.

 

[Atreus21]

Originally posted by: JSt0rm01

Originally posted by: Skoorb
Honestly I cannot remember now. I'm fairly sure I saw one on TV. I bet google would solve it

I always have time to look up Japanese panties

http://www.snopes.com/risque/kinky/panties.asp

That is truly bizarre.

I'll take a real woman, thanks.

 

[marincounty]

Can someone please explain why the US dollar continues to tank against the Yen?
The exchange rate is ridiculous.

 

[StageLeft]

numbers are out now

 

[RichardE]

Originally posted by: Skoorb
numbers are out now

Your link fails for me.

 

[StageLeft]

Originally posted by: RichardE

Originally posted by: Skoorb
numbers are out now

Your link fails for me.

my apologise!

 

[soccerballtux]

Originally posted by: marincounty
Can someone please explain why the US dollar continues to tank against the Yen?
The exchange rate is ridiculous.

Deflation. Same thing that happened with the Euro against the dollar in Aug-Dec.

 

[First]

Originally posted by: JS80
wow...that's kind of crazy. decoupling my ass idiot schiff.

Haha, yup. :laugh:

 

[Farang]

I don't understand how this equates to an annual decline of 12.7%. It seems sort of like saying the Great Depression equates to humans running around naked, murdering and eating one another over 100 years because that was the rate of decline in 1929.

 

[soccerballtux]

Originally posted by: Farang
I don't understand how this equates to an annual decline of 12.7%. It seems sort of like saying the Great Depression equates to humans running around naked, murdering and eating one another over 100 years because that was the rate of decline in 1929.

Haha. Well, it means if we took this quarter's decline, and said "what if that continued for 4 quarters [one year], what would the rate of decline be?"

Of course it hasn't declined for a full year so it's meaningless...makes for nice headlines though.