Japan is grappling with a significant recession, as revised first-quarter GDP figures reveal a sharper decline than previously reported. The annualized GDP contraction now stands at -2.9%, a steep drop from the initial estimate of -1.8%. This revision underscores the severity of Japan's economic struggles and highlights concerns over data reliability, akin to issues observed with employment figures in the US and Europe.
All important economic figures are openly manipulated to create misleading narratives and distract from the underlying economic crisis. We can see how state actors operate when things don't go according to their plan: they cheat, they falsify, they manipulate - the best example is the calculation of inflation, which leads to the inflation rate being underreported and the state can systematically cheat citizens out of their savings.