Japan doesn't pander to impoverishment to it's corporate interests. It is one of the most progressive economies in the world. Japan demands a minimum wage that is a living wage and there are many consumer laws that impacts quality of life.
Wall Street has complained about the Japanese government for decades. Their complaints leading to profits was never ignored, but, were always balanced to the outcomes of the Japanese people.
Wall Street has complained about the Japanese government for decades. Their complaints leading to profits was never ignored, but, were always balanced to the outcomes of the Japanese people.
June 8, 2015
Growth in the Japanese economy (click here) in the first quarter has been revised sharply higher, official government data shows.
The
world's third largest economy expanded 1% in the first three months
from the previous three, up from an initial estimate of 0.6%. It also grew 3.9% on an annualised basis, compared to a preliminary reading of 2.4%, and much higher than forecasts of 2.7% growth.
A jump in business spending helped boost growth well above expectations.
In the initial estimate, business spending was up just 0.4% from the previous quarter. The revised reading was 2.7% higher, compared to forecasts of 2.3%.
The revised figures make growth in first quarter the best for Japan in two years.
The data is boosting hopes of a continuing recovery from the recession that the country fell into last year and is good news for the government and central bank which have both been trying to stimulate growth in the Asian giant.
