Japans economy slips deeper into recession, unemployment climbs

Japans economy slips deeper into recession, unemployment climbs

In a note dated Feb. 8, Bloomberg Intelligence analysts said „anemic growth and persistent economic weakness in Japan and the rest of the West“ could have a „severe negative effect on Japanese foreign debt,“ if not outright collapse the system.

„The government is unlikely to cut debt sharply, but will be forced to increase its borrowing capacity and increase fiscal buffers in order to meet tight budget and credit management requirements,“ the analysts wrote.

The outlook for the Japanese economy is not as bad as the U.S. economy. The Wall Street Journal said economic growth, which in March rose at an annualized 1.3 percent, wa바카라s down slightly at 1.4 percent, but not as much as most projections.

Japan’s fiscal tightening comes as the country’s central bank has kept the debt-to-GDP ratio at 6.5 percent and is tightening its monetary policy a bit to offset the country’s huge burden of its own high-debt pile.

In A바카라사이트ugust, its policy-setting Council of Economic Advisers lowered its바카라사이트 benchmark interest rate to a record-low 1.25 percent, the lowest since June 1998.

Last month, a group of top Japanese banks urged Prime Minister Shinzo Abe to reverse a decision by Tokyo’s central bank last year to hold interest rates lower to help boost growth and spur exports and investment.

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