Japan’s economy shrank by 1.8% annualized in Q1 2024, slightly better than the expected 2% drop. Despite the marginal improvement, the nation is grappling with persistent economic challenges. Business spending didn't decline as sharply as feared, but private consumption fell for the fourth consecutive quarter, marking the steepest drop in three quarters due to high inflation, slow wage growth, and the aftermath of a New Year’s Day earthquake. Additionally, exports plummeted more than imports, exacerbating the situation.
These troubling figures come as Japan attempts to normalize interest rates amidst rising inflation, raising concerns about a potential slide into stagflation.
Meanwhile, I just checked and the yen is at 157.38. All that intervention wasted, and it seems like the loss is accelerating
Maybe JP provides some relief tomorrow with his magic word salad
Great for tourists who have run amuck. They really need to tax visitors more.
No offense to japaneese people but they have been very slow in reproduction and that's kinda become a constant problem there. They are very hard working although they are fast becoming a country of old people.
This is the best reason I can sum up for their current problems.
You're absolutely right. a little Berlusconi spirit here and there might have been a good thing
I still have faith in Japan. They will stabilize. Plus they have a lot of tourist now the yen is cheaper.
But the demografics really are looking horrible. The debt/GdP...
True, but they are a resilient people.
True. I have all respect for them and their culture. Great people
Me too. Makes me think of this. https://abcnews.go.com/Health/japan-victims-show-resilience-earthquake-tsunami-sign-sense/story?id=13135355
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