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Post by unlawflcombatnt on Aug 13, 2007 2:46:52 GMT -6
Japan's economy crawls ahead in 2nd quarter " TOKYO (AFP) - - Japan said Monday its economy grew at a tepid 0.5 percent annualised pace in the second quarter of 2007, slowing sharply as exports and consumer spending lost steam....
the sharp slowdown further dampened expectations that the Bank of Japan might raise its super-low interest rates next week, particularly in light of recent financial market turmoil sparked by the US housing sector woes.
"Growing concerns for a negative impact on the economy from the US subprime lending woes through market instability could lead the BoJ to hold off on a rate hike until September," predicted Morgan Stanley economist Takehiro Sato.
Japan's gross domestic product (GDP) grew by just 0.1 percent in the three months to June as the economy hit the brakes....
The figures fell well short of analysts' expectations for quarter-on-quarter growth of 0.3 percent and an annualised rate of 1.0 percent.
Concerns grew about sluggish consumer spending and slowing exports to the United States...." The full article can be found at Japan's economy crawls ahead in second quarter
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Post by jeffolie on Aug 13, 2007 12:24:41 GMT -6
Japan's culture dies slowly. The birthrate is below the replacement level. Their monoculture denies immigration and their women are more and more refusing to marry. I find the situation fascinating. The population retrenchment proceeds at a slow and persistent rate as if the country has lost its will to florish or survive.
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