Japan is grappling with a significant recession, as revised first-quarter GDP figures reveal a sharper decline than previously reported. The annualized GDP contraction now stands at -2.9%, a steep drop from the initial estimate of -1.8%. This revision underscores the severity of Japan's economic struggles and highlights concerns over data reliability, akin to issues observed with employment figures in the US and Europe.
All important economic figures are openly manipulated to create misleading narratives and distract from the underlying economic crisis. We can see how state actors operate when things don't go according to their plan: they cheat, they falsify, they manipulate - the best example is the calculation of inflation, which leads to the inflation rate being underreported and the state can systematically cheat citizens out of their savings.
They need imigrants and real money. It may be too late.
They need highly skilled immigrants and not an invasion of analphabets
Didn't think that needed to be said.
oh yes, 99% of the general population have no idea what we are talking about. I have 25 years of media work under my belt myself and I can tell you that the masses are completely stupid and no longer realize anything about reality
Most people's faces glaze over when discussing economic and finance principles. It's why the fiat hustle is so lucrative.
Also why Bitcoin will be a slow slog to adoption until merchants accept it.
Their plan seems to be substituting robots and other automation for immigrants.
Yeah, but robots don't spend money, yet. Fiat economies must have spending.
That's a good point. I was looking at it from the actual productivity standpoint, but something will have to give with the Yen.
That's why they will be disappearing
they've also regressed on robot production. will lose out to China and US per usual.
If this continues, India will be ahead of them in no time.
Japan is fourth largest and India is 5th currently.
India is definitely emerging.
That goes fast
Wait a little and you will see the Japanese government announce either a collapse of the yen or a severe austerity regime, which will greatly affect the Japanese people.
Japan could become a good candidate for hyperinflation as political parasites usually do not dare to implement authority programs unless they create something like the Greek crisis back then
Revised means we were lying about how bad it really was
-3 percent yikes
i wonder why they are still correcting the figures at all. nobody notices anyway
Because fiat economies are a confidence game.
absolutely right. but the masses don't understand at all what the gross domestic product is, what a growth rate is or what inflation means
They should add bitcoin in there economy
It is really going to hurt them because they have a really old population density.
Younger generations dont want to have more kids because of the cost of living, and inflation plays a big role in that.
We will see even more domino effects as the years go on.