Japan going down the Tubes

[Wesley]

Japan's economy shrinks 12.7% annualized in third fiscal-quarter - MarketWatch


12.7% annualized contraction based on last quarter.

[CyCrazy]

This is a scary time the ripple effects of this could hurt for along time to come

[Wesley]

Japan is in a full-fledged ECONOMIC COLLAPSE, much greater than the Great Depression:

"Japan’s Economy May Shrink 20% This Quarter, Institute Says" By Jason Clenfield

"Feb. 16 (Bloomberg) -- Japan’s economy may shrink at an annual 20 percent pace this quarter, the steepest drop in the postwar era, according to the Japan Research Institute.

The research group published the estimate after a government report today showed gross domestic product fell an annualized 12.7 percent in the three months ended Dec. 31, the fastest pace since the 1974 oil crisis. The institute was one of the first to predict the scale of last quarter’s deterioration, saying on Dec. 26 that the economy would contract 14.1 percent.

Exporters including Toyota Motor Corp. are shutting factories and firing workers as recessions in the U.S. and Europe cause exports to dry up. Economic and Fiscal Policy Minister Kaoru Yosano said today that the country faces its biggest economic crisis in postwar history."

The full article is at:
Bloomberg.com: Asia

[Melvin]

I have done my part to support the Japanesse Economy during this tough time.

We purchased a Nissan Armada last summer and a Wii this last Christmas.

[Wesley]

They will say - What have you down for us today?

Japan lives by exports and they die by not exporting. Their standard of living will probably decrease since they must import their basics in raw materials, energy, and food first.

[kingcy]

Hasnt the Japan goverment been pumping billions into that economy for years? Working well for them isnt.

[Cyclonepride]

Hasnt the Japan goverment been pumping billions into that economy for years? Working well for them isnt.

Yep.......but who cares if it works for them? It will work for us just fine

[cloneaholic]

I have done my part to support the Japanesse Economy during this tough time.

We purchased a Nissan Armada last summer and a Wii this last Christmas.

And I own four Honda's!

[brianhos]

And I own four Honda's!

I just told the Honda dealer to make me a deal on a new Accord. Ugh.

[herbicide]

I just told the Honda dealer to make me a deal on a new Accord. Ugh.

No new Maxima for you? I thought you were in love with that car.

I don't think I could get an Accord, but I do like the Acura TL, (2008 or older). Its just enough different I like the way it looks, but not the Accord. Weird, huh. The '09s for each I think are ugly.