Japan's economy slides into recession
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Japan, the world's third-largest economy, has unexpectedly slid into recession. This comes after a rise in the national sales tax from five percent to eight percent resulted in reduced consumer spending. The tax hike was part of a plan to curb Japan's huge public debt, the worst among advanced nations. Japanese Economy Minister Akira Amari said the April sales tax hike had made it harder than anticipated for the public to shake off their deflationary mindset. "When making a decision about t… READ MORE : http://www.euronews.com/2014/11/17/japan-s-economy-slides-into-recession What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 14 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Comments
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I wouldn't do business with Abe's fascist face nor I buy Japanese products.
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This is Japan's third recession in just four years. If they weren't so paranoid about China, they would have avoided this lol. The USA has fucked them over. They have encouraged tension in Asia over China, and Japan is paying the consequence for it haha.
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I am afraid Obama is going to have to create another outbreak, Ebola is fading. How about a new bird flu in Europe ... nobody seems to be falling into his WWIII trap fast enough for that to work out. Yeah, that's the ticket..... new bird flu in Europe and for goodness sakes get those race riots going in Ferguson! A little "national guard on the streets" should divert attention from the economy.
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Surprise!!!! Right......... About two weeks ago the Japanese announced a "surprise" 80 trillion yen stimulus, that worked like a charm didn't it. What a joke, look for the EU to announce their stimulus next, if Germany can be pressured into it by Obama like Abe was. Might keep the world collapse off for another two weeks, maybe even until the US realizes we are about to see the worst Christmas ever. Keep stacking silver!!!!!!!!!!
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Sanction more of russia ,
Sanction putin
The result is japan with begging bowl
Very soon cameron and all European leaders will be queuing in lines with their begging bowls
To save their ass -
Unexpectedly? Haha that's laughable.
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"The London Bridge is coming down"
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The EU is next in line ..... sclerotic, over regulated, living in the past and with crippling energy prices .... Japan looks healthy by comparison and certainly more democratic !!
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That what you get when you drop nuclear energy and go into stone age.
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is this a story from 1995? because that's when japan slipped into recession, and they've not really climbed out since.
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Unexpected ? LMAO ... only if you haven't been paying attention for the last several years. I'm surprised it didn't happen much sooner. They're suffering from the same disease the EU and the US are. Debt ... massive debt.
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