IMF WEO Database (April 2017): China and US grow most

[Mista]

I don't care what your excuse is. After eight years, the Japanese Yen is correctly priced by the market.

Japan's nominal GDP is clearly smaller than it was eight years ago and there's no growth in sight for Japan.

So you aren't able to argue with that. The depreciation of Japanese Yen is self-imposed rather than due to market forces. She can stop the QE and allow the Yen to appreciate if she wants to, but that's not Abe wants. What they want is real economic growth for their citizens, not nominal GDP growth to be more influential.

Yes, Japan's nominal GDP is smaller and is less influential today but her real economy has seen faster growth than EU countries. Her citizens are seeing a raise of standard of living. Not the bullcrap reason of China punishing Japan economically and her citizens are suffering.

 

[nature is]

Oh...India world no.3.Not bad...good going India.

Congratulations in advance.

 

[Martian2]

So you aren't able to argue with that. The depreciation of Japanese Yen is self-imposed rather than due to market forces. She can stop the QE and allow the Yen to appreciate if she wants to, but that's not Abe wants. What they want is real economic growth for their citizens, not nominal GDP growth to be more influential.

Yes, Japan's nominal GDP is smaller and is less influential today but her real economy has seen faster growth than EU countries. Her citizens are seeing a raise of standard of living. Not the bullcrap reason of China punishing Japan economically and her citizens are suffering.

You're ridiculous. No one talks about Abe's loose monetary policy. That was years ago. The Japanese Yen is correctly priced after 8 years of observation by currency traders.

I don't care about the cause of Japan's lousy economy. The fact remains the Japanese economy is smaller today than it was eight years ago and it will stay at about $5 trillion for the foreseeable future.

 

[Mista]

You're ridiculous. No one talks about Abe's loose monetary policy. That was years ago. The Japanese Yen is correctly priced after 8 years of observation by currency traders.

I don't care about the cause of Japan's lousy economy. The fact remains the Japanese economy is smaller today than it was eight years ago and it will stay at about $5 trillion for the foreseeable future.

I've already pointed out that the Yen depreciation was self imposed, backed with facts and figures. Abe is still in power and Abenonics is still ongoing. It's your prerogative to prove me otherwise with facts and figures.

There, I have never denied that the Japanese economy is smaller and less influential today. I'm pointing out the reason why, refuting the argument that her smaller economy was due to mighty China's economic punishment.

 

[oprih]

Why is india number 3 only? I thought the supa powa is already number one since 2012?

 

[KediKesenFare3]

Italy...wow...basically the next Greece.

 

[Jlaw]

(under the modern SNA 2008 accounting system). China is currently using the antiquated SNA 1993 accounting system and the US is presently using the SNA 2008.

India is using SNA2030 to calculate its high growth GDP

So you aren't able to argue with that. The depreciation of Japanese Yen is self-imposed rather than due to market forces. She can stop the QE and allow the Yen to appreciate if she wants to, but that's not Abe wants. What they want is real economic growth for their citizens, not nominal GDP growth to be more influential.

Yes, Japan's nominal GDP is smaller and is less influential today but her real economy has seen faster growth than EU countries. Her citizens are seeing a raise of standard of living. Not the bullcrap reason of China punishing Japan economically and her citizens are suffering.

Nope. Japan cannot stop printing to appreciate the yen. Too much debt, market stagnation, worry about deflation. That's why they have negative interest rates to try and push spending.

 

[Mista]

India is using SNA2030 to calculate its high growth GDP


Nope. Japan cannot stop printing to appreciate the yen. Too much debt, market stagnation, worry about deflation. That's why they have negative interest rates to try and push spending.

Not really arguing against that. But if they taper the QE, the Yen will rise again. Consumption and investment will tank. But what for? Real economy is more crucial than nominal economy.

 

[Martian2]

There is no hope for Japan.

Japan bet everything on the TPP, which would have granted Japan more favorable trade terms.

President Trump rejected the TPP.

This means Japan's nominal GDP will be stuck at $5 trillion for many years to come. This is consistent with the IMF projection for Japan's nominal GDP at $5.4 trillion for 2022.

 

[Mista]

There is no hope for Japan.

Japan bet everything on the TPP, which would have granted Japan more favorable trade terms.

President Trump rejected the TPP.

This means Japan's nominal GDP will be stuck at $5 trillion for many years to come. This is consistent with the IMF projection for Japan's nominal GDP at $5.4 trillion for 2022.

TPP has negligible effect on Japan's GDP tbh. Consumption and investments is a greater growth pillar than exports for Japan. Whether Japan has a trade surplus of $130 billion or $200 billion doesn't mean much for an economy of $5 trillion in the long term. TPP just gives Japan a more favorable environment to invest in developing countries.

What's really dragging Japan down in the long term is her demographics. There's no end to the tunnel for her shrinking population as long as her tfr remains below 2.1 and strict immigration policies.

 

[Martian2]

TPP has negligible effect on Japan's GDP tbh. Consumption and investments is a greater growth pillar than exports for Japan. Whether Japan has a trade surplus of $130 billion or $200 billion doesn't mean much for an economy of $5 trillion in the long term. TPP just gives Japan a more favorable environment to invest in developing countries.

What's really dragging Japan down in the long term is her demographics. There's no end to the tunnel for her shrinking population as long as her tfr remains below 2.1 and strict immigration policies.

Baloney.

TPP was the only impetus for higher long-term Japanese growth.

The accumulated benefit from TPP would have been tremendous as it compounded year-after-year.
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Source: TPP - World Bank says Japan, Vietnam to gain significantly | Nikkei Asian Review

"Exports from the 12 members are forecast to increase an average 12% in value. Vietnam is expected to log the biggest gain of 30.1%, followed by Japan at 23.2%.

The [World] bank expects Japan to benefit significantly from the TPP as advances in deregulation in Southeast Asia will expand business opportunities for Japanese companies. Convenience store operators and banks will be allowed to make new market entries or expand operations in the region."

 

[Mista]

Baloney.

TPP was the only impetus for higher long-term Japanese growth.

The accumulated benefit from TPP would have been tremendous as it compounded year-after-year.

Japan already has many existing trade agreements with the TPP members. How much exports can it grow really? How much trade surplus can she have to reverse her economic stagnation?

 

[Martian2]

Japan already has many existing trade agreements with the TPP members. How much exports can it grow really? How much trade surplus can she have to reverse her economic stagnation?

You're ignorant. Read the citation from Nikkei Asian Review on the report by the World Bank on the effect of the TPP on Japan.

You (Mista) are making a claim that is directly contrary to the World Bank experts. Stop spouting your own nonsense and read the expert analyses by the World Bank or Peterson Institute.
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Source: The Economic Effects of the Trans-Pacific Partnership: New Estimates | Peterson Institute for International Economics

"While the United States will be the largest beneficiary of the TPP in absolute terms, the agreement will generate substantial gains for Japan, Malaysia, and Vietnam as well, and solid benefits for other members."

 

[Mista]

You're ignorant. Read the citation from Nikkei Asian Review on the report by the World Bank on the effect of the TPP on Japan.

You (Mista) are making a claim that is directly contrary to the World Bank experts. Stop spouting your own nonsense and read the expert analyses by the World Bank or Peterson Institute.
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Source: The Economic Effects of the Trans-Pacific Partnership: New Estimates | Peterson Institute for International Economics

"While the United States will be the largest beneficiary of the TPP in absolute terms, the agreement will generate substantial gains for Japan, Malaysia, and Vietnam as well, and solid benefits for other members."

Why did you quote only the statement and omit the figures?

The total cumulative income change for Japan is a mere $39 billion from 2015 to 2020. That's a small amount for an economy of $5 trillion. So what? The TPP is a game changer for Japan to reverse her stagnant economy?

Continue calling me ignorant when you don't even read what you cite; only reading superficial statements in the summary.

https://piie.com/system/files/documents/wp16-2_0.pdf

There's no miracle one-stroke solution for Japan's economy as long as her population continues to shrink and age.

 

[Martian2]

Why did you quote only the statement and omit the figures?

The total cumulative income change for Japan is a mere $39 billion from 2015 to 2020. That's a small amount for an economy of $5 trillion. So what? The TPP is a game changer for Japan to reverse her stagnant economy?

Continue calling me ignorant when you don't even read what you cite; only reading superficial statements in the summary.

https://piie.com/system/files/documents/wp16-2_0.pdf

$35 billion is the size of Japan's entire defense budget. A 1% growth is significant in a Japanese economy that is growing at 0-1% annually.