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Lending, Weather adjusted employment, Japan

Summary:
The mini spike in real estate lending from the drop in rates is already fading: The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous three-month period. That was the biggest slump in GDP since the second quarter of 2014 as private consumption dropped 10.6 percent as a sales tax hike in October weighed on spending. Also, business spending declined by 17.3 percent, the most since the first quarter of 2009. Japan GDP Growth Annualized – data, historical chart, forecasts and calendar of releases – was last updated on March of 2020.

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The mini spike in real estate lending from the drop in rates is already fading:

Lending, Weather adjusted employment, Japan

Lending, Weather adjusted employment, Japan

The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous three-month period. That was the biggest slump in GDP since the second quarter of 2014 as private consumption dropped 10.6 percent as a sales tax hike in October weighed on spending. Also, business spending declined by 17.3 percent, the most since the first quarter of 2009. Japan GDP Growth Annualized – data, historical chart, forecasts and calendar of releases – was last updated on March of 2020.

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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