Sponsored Link


Bookmark and Share

Can Japan avoid another lost decade?

Bookmark and Share
JAPANESE TREND / Japanese Society (54) / Japanese Society (56)

Taking up herwith Japanese Economy Trend News in past week.
Economy Trend in Japan will be read via these News.
Jul 25 Economists see unemployment rate topping record-worst 5.5% this year (AP)
 could surpass the current worst level on record at 5.5 percent in October to December, according to a survey by an institute under the jurisdiction of the Cabinet Office. The Economic Planning Association's survey on 40 economists from June 25 to July 2, of whom 36 responded, showed their predicted unemployment rate from October to December averaged 5.56 percent.
Jul 25 6 million workers said 'excessive' (Asahi)
 An estimated 6 million employees at companies in Japan are considered surplus workers in the wake of the economic slowdown, a government white paper said Friday. The number of excess employees reached a maximum of 6.07 million in the January-March period, the highest since comparable statistics became available in 1980.
Jul 25 Japan sends U.S. letter on "Buy American" worries (Reuters)
 Japan has sent a letter of concern to the United States on a bill recently passed in the U.S. House of Representatives, which contains a provision similar to "Buy American", an official at Japan's foreign ministry said. The letter, sent earlier this week from Japan to U.S. Trade Representative Ron Kirk, comes as the United States says the "Buy American" provisions are in line with World Trade Organisation commitments.
Jul 25 Why Japan's aging, shrinking population is bad for the United States (foreignpolicy.com)
 Japan's relationship with the United States over the past half-century has been one of remarkable resilience, even through the end of the Cold War and the emergence of new security threats in Northeast Asia. During his February meeting with Japanese Prime Minister Taro Aso, U.S. President Barack Obama emphasized the importance of the alliance by declaring it "the cornerstone of security in East Asia." But a change is occurring in Japan that could rock the foundation of this happy partnership, something far more dangerous for the United States than the prospect of an opposition victory in the upcoming general election: Japan is getting old.
Jul 25 Economic white paper short on specifics (Yomiuri)
 The theme of the fiscal 2009 Annual Report on the Japanese Economy and Public Finance was 'overcoming crisis and the outlook for sustainable recovery.'
Jul 25 Surplus staff topped 6 mil. in 1st qtr '09 (Yomiuri)
 The government estimates the number of workers surplus to requirements at companies in the period from January to March 2009 jumped to 6.07 million, its highest ever recorded, according to the fiscal 2009 Annual Report on the Japanese Economy and Public Finance.
Jul 24 'Cool Biz' leaves Japan's workers sweltering, may hurt economy (Bloomberg)
 Takashi Kadokura used to strip down to his underwear when working late because of the heat. "We couldn't concentrate on our work," said Kadokura, 37, then an economist for Dai-ichi Life Research Institute in Tokyo. "The air conditioning was set at 28 degrees and we weren't allowed to change it." The experience led Kadokura to question the Japanese government's "Cool Biz" policy, which recommends companies set air conditioners at 28 degrees to reduce carbon emissions.
Jul 24 Will Asia's economic recovery lead the way? (Japan Times)
 The latest economic indicators from the world's advanced economies remain mixed. There are some signs of stabilization - industrial output and consumer spending are, for example, falling much more slowly than they were, but stabilization does not mean imminent recovery. A decline is still a decline.
Jul 23 Japan's June trade surplus widens but short of estimates (MarketWatch)
 The Japanese government on Thursday posted preliminary data reflecting a trade surplus in June for the fifth straight month, rising almost five-fold from the year-ago period, even though the figure nonetheless fell shy of economists' estimates. Japan's Ministry of Finance said the trade surplus totaled 508 billion yen ($5.4 billion), a 388% leap over the surplus in June 2008.
Jul 23 Japan June annual export fall narrows; outlook weak (Forbes)
 Japan's exports fell in June at their slowest annual rate this year as stimulus spending around the world props up global demand and firms replenish depleted inventories of cars in the United States and Europe.
Jul 23 Can Japan avoid another lost decade? (rgemonitor.com)
 RGE Monitor expects the pace of Japanese economic contraction to ease from the sharp decline of Q1 2009, but the road to recovery will be long and bumpy. Inventory restocking is coming to an end and rising commodity prices could curtail a nascent recovery in consumer demand. Meanwhile, public spending is constrained by soaring public debt, and Japan's export-oriented model of growth seems increasingly unsustainable, given the degree to which deleveraging is stifling external demand from the U.S. and Europe.
Jul 23 DI gauge of household loan demand falls to all-time low (Japan Times)
 The Bank of Japan said Wednesday its diffusion index that gauges household demand for loans hit the lowest in over nine years in July on sluggish demand for mortgage and consumer loans as people cut back on spending amid the deteriorating job market and recession.
Jul 22 Household demand for bank loans hits lowest in over 9 years (AP)
 The Bank of Japan said Wednesday its diffusion index gauging household demand for banking loans hit the lowest in over 9 years in July on sluggish demand for mortgage and consumer loans as people cut back on spending amid concerns over the deteriorating job market and prospects for the economy. The DI fell from minus 4 logged in the previous survey in April to minus 14 in July, the lowest since the central bank began the survey in April 2000.
Jul 21 In Japan, everyday low prices to stay (Wall Street Journal)
 The Price. The name of Seven & I Holding's discount-grocery chain says it all. It's the company's latest move to survive the growing frugality of Japanese consumers -- a battle Seven & I and other retailers are losing. The nation's preference for low-cost goods began over a decade ago and has strengthened given recent worries over jobs, wages and pensions. Japan's rapidly graying population is no help.
Jul 21 Japan to offer 300 bil. yen in emergency loans to aid Asian economies (AP)
 Japan will provide up to 300 billion yen in emergency loans to help Asian economies weather the current global economic crisis, the Foreign Ministry said Tuesday. The loans, which were pledged by Prime Minister Taro Aso during the April 1 global financial summit in London, will not finance specific projects but be channeled to recipient governments facing sharp declines in tax revenues to help them implement necessary policy measures to boost domestic demand and expand growth.
Jul 21 Why Japan isn't rising (thebigmoney.com)
 Japan looks prosperous, clean, highly functioning. At Takashimaya, the high-end department store atop the central train station in Nagoya, shoppers line up in orderly queues before the 10 a.m. opening. But Japan seems to be in the midst of an existential crisis-in the first quarter it shrank at an abysmal 15.2 percent annual rate. In 10 days traveling through the country, I couldn't find anyone who thought the malaise would end soon.
Jul 20 Universal Healthcare? Japan, yes; U.S. still arguing (dailykos.com)
 Can America afford universal healthcare? Japan has universal healthcare. Japan spends 8% of GDP on healthcare, versus 16% for the U.S., but Japan has lower infant mortality and longer life expectancy than the U.S. It may be helpful to consider how Japan manages to provide excellent healthcare while holding down costs. Japan has over 1000 health insurance plans, and in Japan one can go to any doctor, internist or specialist, without any gatekeeper.
By J.S. on Jul 28, 2009



Sponsored Link
Latest Articles
Sponsored Link
Sponsored Link
Monthly Archives
Link List
Online Counter
News Site Link