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Forums - Sales - Japan's Severe Recession May Last 3 Years

Aj_habfan on 21 January 2009
ROBOTECHHEAVEN said:
this might make ffv13 on the 360 a possibly because ,since the 360 userbase is almost 16 million strong.

This comment... makes absolutly no sense.

 



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Train wreck on 21 January 2009

Japan has been in a severe recession since December 29, 1989 .



Train wreck on 21 January 2009

I hope that people realize that Japan's population is in terminal decline. Their economy can contract and expand, but their population decline is not talked about enough. Im sure its a top concern of all Japanese companies, especially those that depend on domestic demand.



alephnull on 21 January 2009
exindguy said:
alephnull said:
I would like to point out that GDP growth figures for the Japanese economy are not directly comparable to that of most western countries (except Italy) thanks to demographics. The Japanese labor force is actually strinking so it's possible for the average person's living standard to go up with 0% growth.

Wouldn't it go down since the taxbase is shrinking and the society is now, age-wise, top heavy? Less people paying in means, in theory, less tax dollars to dole out on anything the government wishes to spend money on, from roads to medicine.

This is becoming a huge problem for any developed country with a heavy entitlements (social security; socialized medicine; etc.) burden: you either slash those entitlements or you jack up the taxes on the younger generations to pay for it all, both of which lead to a lower standard of living.

On the 'upside' Japan has a lot of experience with recessions: they pretty much had one through the width and breadth of the 90s.

GDP is a measure of the size of the pie. If the size of the pie doesn't change and yet there are less people to feed then everyone gets more pie.

 



Maynard_Tool on 21 January 2009

Daamn, i didnt know it was this bad :S



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alephnull on 21 January 2009
Train wreck said:
Japan has been in a severe recession since December 29, 1989 .

That was more true of the nineties. Their economy had recovered in 2003.



outlawauron on 21 January 2009

Bu. but, Obama will change ....... stuff.



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Jo21 on 21 January 2009
outlawauron said:
Bu. but, Obama will change ....... stuff.

 

well i heard he is going to regulate stock oil.

even toyota is loosing money... :(.

and not versus it not going multiplatform especially not in japan where recession it's going on.

 



kylohk on 21 January 2009

That's what they call an economic cycle. There must be recessions every few years before it goes up again.



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FishyJoe on 21 January 2009
kylohk said:
That's what they call an economic cycle. There must be recessions every few years before it goes up again.

 

This is worse that typical recessions. This is a once in a lifetime event unfolding.