Japan Services PMI™Markit reports Japan Composite data show sharpest decline in business activity since September 2011 Key points: Moderate declines in activity across both manufacturing and services Total new orders fall for first time in six months Service sector optimism the second-highest in 37 months via Mish’s Global Economic Trend Analysis. But, not to worry. [...]
Enjoying the good weather? Feelin’ groovy? Getting ready for summer? Like MarketingJapan, checking out great new places to eat? As Mike has clearly fumbled the ball on this one, I’ll have to pick it up (well somebody’s gotta!) Summer may be cancelled. Japan is a bug in search of a windshield!!! Are you prepared? Are [...]
Update: Check out this graph from Seth Godin’s blog: it compares fatalities in the nuclear and coal industries. (Thanks to Mike Rogers for the link). A week ago, I posted about Japanese shut-down nuclear reactors and how this had resulted in a big jump in purchases of natural gas and coal. http://www.sheffnersweb.net/blogs/accuratemaps/news/20120530-1300-japans-energy-self-sufficiency-lowest-since-81/ I had believed [...]
Study says US government employs 40 million. Too little, just right, or top-heavy? How about in Japan?
How much sooner would this have happened if Tepco was a genuine private company? Tepco has not gone bankrupt simply because it is being bailed out by the government. Financial aid from the government-backed Nuclear Damage Liability Facilitation Fund is expected to reach 3.4 trillion yen. The figure is already far higher than the 350 [...]
English-speaking observers of Japan’s economy have been sounding warnings since last year (and many before that), but within the world of Wa, there seems to be little sense of panic. Has time run out for Japan? So says MarketWatch, and thanks to MarketingJapan’s Mike Rogers for the links: read Mike’s articles Yen Devaluation Now Imminent? [...]
The above graphic is from an RT interview with “Tragedy of the Euro” author and economics professor, Philip Bagus (Bagus’ interview begins @ 16:15). Bastiat Circle blog has the transcript and the video. What happens in Europe, of course, impinges on Japan because Europe is one of Japan’s major trading partners, the BoJ’s balance sheet [...]
A few months after most of Japan’s nuclear power plants shut down, some people starting saying, “Hey! All those plants shut down and the world hasn’t ended! Maybe Japan doesn’t really need those power plants! Maybe it was all hype!” Yeah. That’s right. It was all just hype.
In today’s post, Mish gives (yet another) warning about Japan’s unsustainable economic road, and makes a good suggestion (my emphasis) At some point, I suggest now, Japan needs to stop blaming the earthquake and tsunami for its collapse in exports. Furthermore, Japan is going to have difficulty financing its debt unless its turns the situation [...]
The Emperor is doing fine after his operation. Ooh! Look at this spectacular solar flare! And who can resist this great pic of Mount Fuji, Japan’s sacred mountain? And the Festival’s started in Rio! And anyway, there’s nothing to worry about, and the endless gradual increase in consumption tax will fix everything, and I think [...]