Japan in Recession Tutor2u – February 2009. Darkness in the land of the rising sun 3.3% decline in real GDP in Q4 20083.3% decline in real GDP Risk that.

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Presentation transcript:

Japan in Recession Tutor2u – February 2009

Darkness in the land of the rising sun 3.3% decline in real GDP in Q % decline in real GDP Risk that price deflation will take hold again Government debt is already 170% of GDP Likely that Japanese manufacturing will announce its first ‘collective’ loss ever Toyota, Nissan, Sony and Hitachi all downgrading sales and profits forecasts Big rise in corporate failurescorporate failures Exchange rate still appreciating! Probably because of the unwinding of the carry trade

Video Clips

A slump in national output to rival the “lost decade” of the 1990s

Will price deflation return?

Land prices continue to fall

The collapse in trade

Chinese slowdown is hitting Japan

The rising yen hits exports

A descent into deficit

Manufacturing output is collapsing

Unemployment rises again

No room to cut interest rates

Stock prices flounder

Recession cuts capacity use

Confidence collapses

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