Sun, 11 Nov 2012, 3:34pm PST
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Japan Plunges Into Deep Recession; GDP Shrinks 3.5% Annualized; Japan Current Account Turns Negative First Time in 30 Years; Watch the Yen
maybe just maybe this will help our US industries move tech mfg back to the US. push prices back up.
certainly would help drive, semi and semi mfg cos. not to mention many other including consumer and industrial industries.
Sun, 11 Nov 2012, 9:16pm PST
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why didn't I study norwegian and/or swedish instead in school dammit.
when I started my first year of Japanese the nikkei was just topping out, moving from 34,000 to 39,000 that quarter (it's under 9000 now).
the BS that was allowed to go on was unbelievable.
and the Japanese right-wingers are total idiots for picking a fight over those islands off the Chinese coast this year.
I have no idea how they're going to be able to raise taxes to actually pay off their one quadrillion yen national debt.
I guess the dirty secret of national debts are that they are supposed to be inflated away, not paid. That's what happened to our postwar debt 1945-1980.
There's plenty of land value to confiscate via higher taxes, but that's the last thing the tax authority wants to do, rob asset value, since people hate that more than paying taxes.
Mon, 12 Nov 2012, 1:49am PST
John Bailo says
I've heard their population might drop by half in the next 50 years.
~20%, down to 100M in 2050. Compared to now, population of 0-14 will fall from 17M to 10M, 15-64 80M to 50M, and 65+ rise from 30M to 35M.
This is an unprecedented (gradual) down-sizing of an over-crowded country that was at one time the most prosperous in the world.
By absolute measures they still are the wealthiest, with a +$3.2T in global ownership balance (it owns the world that much more than it owes the world).
Note how their rise in seniors though isn't THAT big a deal. Another 5M from here over decades. We're adding 30M in the next 20 years.