Word: gdp
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...Figures released this week indicated Japan may be climbing out of its worst recession in decades. Third quarter GDP growth came in at an annualized rate of 4.8%. But other statistics painted a more troubling picture. The price of goods and services slid by 2.6% in the third quarter, the biggest drop since 1958. Consumer prices have dropped for seven straight months. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii said at a Nov. 20 press conference. "This is one of the major policy issues right now." Deputy Prime Minister Naoto...
...have more people who live under the poverty line. In terms of relative poverty, that's true. But if you look at absolute poverty, you get a different impression. Because our GDP per capita tends to be higher than GDP per capita in European countries, the people who fall below the poverty line [in the U.S.] are not necessarily considered poor elsewhere...
...reminiscent of the seemingly endless wrangles in the late 1980s and early 1990s with Japan, which accounted for the bulk of the U.S. trade deficit in those days. The trade deficit with Japan never shrank much in dollar terms, but it became smaller as a share of GDP starting in the mid-1990s, and was eclipsed by the trade imbalance with China in 2000 (in September the U.S. trade deficit with Japan was $4.1 billion, compared to $22.1 billion with China). The issue was never resolved, but it ceased to seem so important. Could that happen with China...
...interview on Bloomberg TV. "These are generally written by people that obviously just don't follow closely or study China." He maintained that, if anything, China's economic strength is being underestimated. "The latest data we got earlier this week, in addition to the month before, suggest that GDP was actually stronger than 8.9% in the third quarter," he said...
Still, policymakers must tread carefully. With exports improving but still weak, exiting stimulus measures too soon could derail the economy's recovery. Even restraining the property market could affect growth, since investment in the sector - which accounts for a full 10% of GDP - has been a key driver of China's overall economic rebound. Investment in property jumped nearly 18% in the first three quarters of 2009 from the same period in 2008. (Read "China's Own Version of the Real Estate Bust...