Japan slips into surprise recession
Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election halfway through his term in office.
The world’s third-largest economy had been forecast to rebound by 2.1 percent in the third quarter, but consumption and exports remained weak, saddling companies with huge inventories.
Abe had said he would look at the data when deciding whether to press ahead with a second increase in the sales tax to 10 percent in October next year, as part of a plan to curb Japan’s huge public debt, the worst among advanced nations.
Japanese media have said the prime minister, who returns from a week-long tour to China, Myanmar and Australia on Monday, could announce his decision to delay the hike as early as Tuesday and state his intention to call a poll, which ruling party lawmakers expect to be held on Dec. 14.
The economic slide was “shocking,” an Abe economic adviser said, calling for the government to consider measures to support the economy.
Source AP
Worried about the possible mass suicides now that this is happening. I hope things will get better soon for the Japanese people. It’s already a country of extreme expectations. Very sad if you think about it.
Japan slips into surprise recession! 🙁
Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election halfway through his term in office. The world’s third-largest economy had been forecast to rebound by 2.1 percent in the third quarter, but consumption and exports remained weak, saddling companies with huge inventories.
Too Big To Fail
Japan slips into surprise recession! 🙁
Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election halfway through his term in office. The world’s third-largest economy had been forecast to rebound by 2.1 percent in the third quarter, but consumption and exports remained weak, saddling companies with huge inventories.
Too Big To Fail
The Sea of Trees-that is in large part what The Sea of Trees located at Mount Fuji is about. They have a high suicide rate due to extreme expectations. There were a few suicides and attempted suicides at my High School for the same reason. They would post each student’s name on a list in grade order for everyone to see in the Hallway. If you weren’t at least Second Honors, they berated you in front of the entire student body. I highly doubt that kind of ridicule goes on anymore. It was one of the most prestigious, rigorous and competitive High Schools in the New York City area and they were determined to live up to that standard come hell or high water! I was a stress junky full of fear back then. It forces you to apply yourself 110% but for the wrong reasons and unfortunately, not everyone can measure up! 🙁
Sea of Trees