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Japan's growth hurt by row with China: World Bank

beijingwalker

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Japan's growth hurt by row with China: World Bank
Anna Yukhananov Reuters

5:36 p.m. CST, January 15, 2013

WASHINGTON (Reuters) - Japan's economy contracted in the second half of 2012 and is on track for lackluster growth of 0.8 percent this year, hurt in part by its bitter territorial row with China, the World Bank said in a report on Tuesday.

Relations between China and Japan, the world's biggest economies after the United States, have deteriorated sharply since September, when the Japanese government purchased islands in the East China Sea that China claims.

The value of Japanese exports to China fell by 17 percent between June and November of last year, contributing to a 3.5 percent annualized drop in Japan's growth in the third quarter.

The World Bank said the end of government tax incentives to purchase fuel-efficient automobiles also hurt the economy, as well as the fading boost to growth from reconstruction spending in the aftermath of the 2011 earthquake and nuclear disaster.

"In Japan, the economy appears to be contracting -- in part because of political tension with China over the sovereignty of islands in the region," the World Bank said in its twice-yearly Global Economic Prospects report.

Revised GDP figures released by Japan in December showed the Japanese economy contracted in both the second and third quarters, and analysts expect it shrank further in the final three months of the year, as does the World Bank.

The Washington-based global development lender said the weakness in Japan could pinch global trade, as Japan is the world's fourth-largest importer.

In contrast, a resolution of the Sino-Japanese tensions could help speed return to growth in Japan and boost the global economic recovery, the Bank said.
 
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Noda and Abe have been spoken out loud that boycottin hurt china economy itself. now we see how many stupid people believed them :china:

China's last year GDP was still 8.5 trillion, and this year will be 10 trillion.

While Abe's government will print more money that causes the inflation to dwindle their oversea assets.

Anyway, they are screwed, those far right-wing Japanese Nazi politicians have no brain at all.

Meanwhile they are the biggest accomplice of USA, Asia will enjoy more freedom from the West as the downfall of Japan.
 
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I never understood WHY people even bought this stuff in the first place.

There are so many products to choose from, all over the world. First priority should be for domestic brands like Lenovo, last priority should be for goods from hostile countries.
 
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Keep boycotting their products and the pain will increase on their part. Our tech companies combining with Taiwanese and South Koreans gadgets are making Japanese giants to crumble. Where are those faggots that kept screaming Chinese factories will be in trouble? We are bouncing back and the economy is looking good.
 
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China's last year GDP was still 8.5 trillion, and this year will be 10 trillion.

While Abe's government will print more money that causes the inflation to dwindle their oversea assets.
Anyway, they are screwed, those far right-wing Japanese Nazi politicians have no brain at all.
Meanwhile they are the biggest accomplice of USA, Asia will enjoy more freedom from the West as the downfall of Japan.

The bold part is the biggest joke today. The Chinese have sense of humor.
 
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Wet dream.
Chinese is proud for her IQ, but in this matter she is true Ah. Q. making masturbation on yourself to early.

It is the truth, Japan is suffering from the nuclear radiation and the aging population.

While their debt ceiling reaches more than 200% of their GDP.

Japan is really in bad shape, anyone who disagrees are simply deluding themselves. :coffee:
 
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I don't think Japan's collapse will bring any benefit to China and other asian countries. In economy secotor, we are in the same boat.
 
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What is China's current GDP growth? I heard its 7-8%
 
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