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post #1 of 13 (permalink) Old 03-12-2009, 06:21 AM Thread Starter
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Japan is near or in a Depression

Quote:
Gross domestic product, or the total value of the nation's goods and services, fell at a 12.1 percent annual rate in the October-December quarter, slightly better than the Cabinet Office's preliminary reading of a 12.7 percent contraction.
...
Japan's economy has shrunk for three straight quarters and is almost certainly headed for a fourth quarter of contraction.
...
But Masamichi Adachi, senior economist at JP Morgan Securities in Tokyo, predicts this quarter will be even worse. He forecasts GDP to plunge an annualized 15 percent in the January-March period, though he expects Japan's economy to begin climbing again by the end of the year.
http://news.yahoo.com/s/ap/20090312/...FSPsF1TLlu24cA
There is no official definition of a depression, but many agree that a decline of GDP by 10% is a depression.
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post #2 of 13 (permalink) Old 03-12-2009, 07:21 AM
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It is not only America that is suffering, the world is.
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post #3 of 13 (permalink) Old 03-12-2009, 08:53 AM
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It is not only America that is suffering, the world is.
And in most cases, worse than we are.

1/19/09, the last day of Free America.
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post #4 of 13 (permalink) Old 03-12-2009, 09:27 AM
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Hell, they just got out of the "lost decade" a few years back. After 8 "stimulus packages", they still couldn't pull themselves out of it. You think they learned anything?

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post #5 of 13 (permalink) Old 03-12-2009, 09:39 AM
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All I hear is bla bla bla......
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post #6 of 13 (permalink) Old 03-12-2009, 10:39 AM
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Greed is a universal language.
so are big titties.....

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post #7 of 13 (permalink) Old 03-12-2009, 11:33 AM
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Japan fucked themselves.
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post #8 of 13 (permalink) Old 03-12-2009, 12:18 PM
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This is the reason I do not think China will directly fuck with us in the future anytime soon . They depend on us to buy their shit . Now if we stop buying it and owe them a shit ton of cash , things might take a change for the worse .

When America is in the shitter , others will be right there with us . Regardless of what most other countries claim , they need the U.S to support them by either buying their shit or sending them welfare checks .
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post #9 of 13 (permalink) Old 03-12-2009, 12:32 PM
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Quote:
Originally Posted by SlowLX View Post
Japan fucked themselves.
I agree. The Japanese government has been completely unwilling to change their banking system. This is "in part" the result.

However there is more to it.

Over the last decade the Japanese (as a people) have learned to do with less. They never got into the consumer boom of this decade. Even as their economy started growing, they never got into buying stuff. If you look at Japanese domestic car sales for the last several years, you would see that they have seen a large decline over the last several years.

The only reason their economy started to improve was because exports were climbing. However, last year, exports took a huge dive. Now the Japanese economy is in shambles..

My In-Laws still live in Japan. My Mother and Father in law are still paying off a house that is worth a fraction of what it once was because of the 80's real estate bubble. My Brother In Law is scared shitless he will lose his job. He works in the oil industry, so there is a chance he won't be cut. Also, he is in the environmental conservation section of the company which is considered VERY important to the government, so he might be ok for now.

my fingers are crossed for them..

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post #10 of 13 (permalink) Old 03-13-2009, 10:05 AM
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Originally Posted by Sgt Beavis View Post
I agree. The Japanese government has been completely unwilling to change their banking system. This is "in part" the result.

However there is more to it.

Over the last decade the Japanese (as a people) have learned to do with less. They never got into the consumer boom of this decade. Even as their economy started growing, they never got into buying stuff. If you look at Japanese domestic car sales for the last several years, you would see that they have seen a large decline over the last several years.

The only reason their economy started to improve was because exports were climbing. However, last year, exports took a huge dive. Now the Japanese economy is in shambles..

My In-Laws still live in Japan. My Mother and Father in law are still paying off a house that is worth a fraction of what it once was because of the 80's real estate bubble. My Brother In Law is scared shitless he will lose his job. He works in the oil industry, so there is a chance he won't be cut. Also, he is in the environmental conservation section of the company which is considered VERY important to the government, so he might be ok for now.

my fingers are crossed for them..
Just out of curiosity how far does the American dollar go over there. Basicly what's the current charge for suckie suckie.

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post #11 of 13 (permalink) Old 03-13-2009, 10:08 AM
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Just out of curiosity how far does the American dollar go over there. Basicly what's the current charge for suckie suckie.
2 Dorra!
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post #12 of 13 (permalink) Old 03-13-2009, 10:21 AM
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Quote:
Originally Posted by FreightTrain View Post
Just out of curiosity how far does the American dollar go over there. Basicly what's the current charge for suckie suckie.
It varies on what you are trying to buy and where you are trying to buy it.

It all depends on where you are. In Tokyo, everything is fuckin' expensive. A real POS apartment, in a shitty neighborhood, starts at about $1000. That same money will buy you a pretty nice (and larger) apartment if you go about 40 miles south of Tokyo. But "larger" is a relative term. My wife's old apartment was smaller than the Master Bedroom of our house.

Generally speaking, things are going to be more expensive. The Japanese have similar prices on things like food but they are always in much smaller portions. Transportation is relatively cheap if you use public transportation. Unlike public transport in the US, you can literally get ANYWHERE in Japan by train or bus and it is normally faster than using a car (unless you are Jeremy Clarkson in a Nissan GT-R). Owning a car in Japan is fuckin expensive.

Anything that is imported into Japan is really friggin expensive. Raw materials are expensive unless they come from recycled materials (like Paper and plastics). I had to give up on my woodworking hobbies while I was in Japan because lumber was so damn expensive.

Exchange rates right now favor the Yen. 100 Yen is almost exactly 1 dollar. It hasn't been that way for over a decade. Back in the 1980s the Yen was worth less than half as much as it is now. This is one of the reasons their exports are being kicked in the gnads right now.

But on the subject of suckie suckie. I really don't know but again it depends on where you go and who you do.

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post #13 of 13 (permalink) Old 03-13-2009, 10:30 AM
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Quote:
Originally Posted by FreightTrain View Post
Just out of curiosity how far does the American dollar go over there. Basicly what's the current charge for suckie suckie.
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Originally Posted by sc281_99-0135 View Post
2 Dorra!
If that doesn't help explain an exchange rate, then I don't know what does!

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