Home > global economic crisis > Japan’s Economy In Crisis: Third Quarter GDP Contracts

Japan’s Economy In Crisis: Third Quarter GDP Contracts

November 13th, 2012

Already experiencing two decades of economic stagnation and an “L” shaped recession, the Japanese economy contracted at an annual rate of  3.5 percent in Q3 of 2012. Though this is being in part attributed to export shrinkage with China owing to the ongoing offshore territorial dispute, it should be pointed out that Japan’s dismal third quarter GDP data also reveals a contraction in domestic demand.

The third largest economy  in the world appears to be in recession, despite massive annual public deficits and the highest government debt to GDP correlation of any major advanced economy. The  impact of Keynesian economics on Japan, after more than two decades of pump priming, is an increasingly weak and fragile economy, with future options rapidly running out owing to massive public debts and a demographic time bomb calling into question Tokyo’s long-term capacity to service its debt load.

 

                 

 

 

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

 

photo
Comments are closed.