Picnic06-Biante15 Supersonic November 17, 2014 Share November 17, 2014 For discussion.... Is this good news or bad news to Singapore .... Yahoo news: Japan slides into recession as tax hike takes toll TOKYO (AP) -- Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the country into a recession and further clouding the outlook for the global economy. The world's third-largest economy contracted at a 1.6 percent pace in the July-September quarter, the government said Monday, contrary to predictions it would grow after a big drop the previous quarter. The surprise deepens uncertainty when China's growth is slowing and the 18-country eurozone grew only 0.2 percent in the same quarter. The gross domestic product figures showed across-the-board weakness in demand among consumers, manufacturers and builders. Many individuals and companies had spent money before the sales tax was hiked in April from 5 percent to 8 percent, and spending has languished since then. "The impact of the sales tax was much more severe than expected," said Junko Nishioka, an economist at RBS Japan Securities. Housing investment plunged 24 percent from the same quarter a year ago, while corporate capital investment sank 0.9 percent. Consumer spending, which accounts for about two-thirds of the economy, edged up just 0.4 percent. The BOJ's move, along with a government decision to shift a large share of the public pension fund investments out of government bonds and into higher yielding but riskier shares, pushed Japan's share benchmark to seven-year highs this month. But in morning trading, the Nikkei 225 stock index tumbled 2.6 percent to 17,037.65. Monday's data is preliminary, with a revision due Dec. 8. Since some of the decline was due to reductions in inventory, things may not be as bad as the GDP reading suggests, economists said. Pierre Ellis, senior economist at Decision Economics in New York, said increased business orders in the past three months for machinery, industrial equipment and other big ticket items should boost output in the coming months. Abe already was expected to announce additional economic stimulus this week. The dismal Monday morning data will probably lead him to announce a package worth about 3 trillion yen to 4 trillion yen ($26 billion to $35 billion), Nishioka said. More of stories, link: https://sg.finance.yahoo.com/news/japan-says-economy-contracted-1-000844739--finance.html Good news is Japanese cars will be cheaper if Japan into recession and COE going down... Bad news is Japan is the World's third-largest economy can go into recession, will it affect SG also ...... ↡ Advertisement Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged November 17, 2014 Share November 17, 2014 For discussion.... Good news is Japanese cars will be cheaper if Japan into recession and COE going down... not true... as yen is still artificially propped up by BOJ :angry: Bad news is Japan is the World's third-largest economy can go into recession, will it affect SG also ...... not as much as last time Link to post Share on other sites More sharing options...
Mockngbrd Supersonic November 17, 2014 Share November 17, 2014 Good news is maybe JAV xmm come SG find work? 2 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic November 17, 2014 Share November 17, 2014 Maybe can finally see some Japanese FL instead of many Korean FL? Link to post Share on other sites More sharing options...
Vhtfhwlego Supercharged November 17, 2014 Share November 17, 2014 Japanese FL already in town for sometime already. Sorry, I dont have lobang anymore but some 10years ago, I have a handful contacts. Link to post Share on other sites More sharing options...
Forte3737 5th Gear November 17, 2014 Share November 17, 2014 No impact unless USA Link to post Share on other sites More sharing options...
Mockngbrd Supersonic November 17, 2014 Share November 17, 2014 Good for me cos i going there in Jan... currency low low :) Link to post Share on other sites More sharing options...
Kangadrool Supersonic November 17, 2014 Share November 17, 2014 Japan has been in the recession for many years. I was tricked into buying ILP policy in Japan unit trust by my insurance agent more than 10 years ago. Bleeding badly until now. No sight of recovery. Almost everything there is cheaper than Singapore. Lol... Link to post Share on other sites More sharing options...
Lala81 Hypersonic November 17, 2014 Share November 17, 2014 Japan has been in the recession for many years. I was tricked into buying ILP policy in Japan unit trust by my insurance agent more than 10 years ago. Bleeding badly until now. No sight of recovery. Almost everything there is cheaper than Singapore. Lol... Why haven't you sold? Japan is in a irreversible decline. One day it will end up like taiwan. Not now, but in another 20-30 yrs time. Link to post Share on other sites More sharing options...
Super7 Turbocharged November 17, 2014 Share November 17, 2014 For discussion.... Is this good news or bad news to Singapore .... Yahoo news: Japan slides into recession as tax hike takes toll TOKYO (AP) -- Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the country into a recession and further clouding the outlook for the global economy. The world's third-largest economy contracted at a 1.6 percent pace in the July-September quarter, the government said Monday, contrary to predictions it would grow after a big drop the previous quarter. The surprise deepens uncertainty when China's growth is slowing and the 18-country eurozone grew only 0.2 percent in the same quarter. The gross domestic product figures showed across-the-board weakness in demand among consumers, manufacturers and builders. Many individuals and companies had spent money before the sales tax was hiked in April from 5 percent to 8 percent, and spending has languished since then. "The impact of the sales tax was much more severe than expected," said Junko Nishioka, an economist at RBS Japan Securities. Housing investment plunged 24 percent from the same quarter a year ago, while corporate capital investment sank 0.9 percent. Consumer spending, which accounts for about two-thirds of the economy, edged up just 0.4 percent. The BOJ's move, along with a government decision to shift a large share of the public pension fund investments out of government bonds and into higher yielding but riskier shares, pushed Japan's share benchmark to seven-year highs this month. But in morning trading, the Nikkei 225 stock index tumbled 2.6 percent to 17,037.65. Monday's data is preliminary, with a revision due Dec. 8. Since some of the decline was due to reductions in inventory, things may not be as bad as the GDP reading suggests, economists said. Pierre Ellis, senior economist at Decision Economics in New York, said increased business orders in the past three months for machinery, industrial equipment and other big ticket items should boost output in the coming months. Abe already was expected to announce additional economic stimulus this week. The dismal Monday morning data will probably lead him to announce a package worth about 3 trillion yen to 4 trillion yen ($26 billion to $35 billion), Nishioka said. More of stories, link: https://sg.finance.yahoo.com/news/japan-says-economy-contracted-1-000844739--finance.html Good news is Japanese cars will be cheaper if Japan into recession and COE going down... Bad news is Japan is the World's third-largest economy can go into recession, will it affect SG also ...... Japan tours will be cheaper!! Maybe AV artists no jobs back home, become beer queens in our heartland!! You say good, or bad leh?? Link to post Share on other sites More sharing options...
Super7 Turbocharged November 17, 2014 Share November 17, 2014 Maybe can finally see some Japanese FL instead of many Korean FL? What's FL hahh? Link to post Share on other sites More sharing options...
Ktglfc Hypersonic November 17, 2014 Share November 17, 2014 Apart from touring Japan at a lower cost, the rest like importing MIJ products may not come at a lower cost... whatever lower cost, will be "eaten" by the distributor / middle men... Don't think we will be the ones enjoying the lower prices.. On a side note, hope the recession will not spread to rest of Asia.. What's FL hahh? FL = Free Lobang ?! Link to post Share on other sites More sharing options...
Kangadrool Supersonic November 17, 2014 Share November 17, 2014 Have switched funds. But, the damage was so great that it is of little help though new fund is making $$$. That's why after this lesson, no more ILP. Lol... Just buy term and invest rest (hoot into blue chips) and smelly smelly can also earn a bit with two eyes closed. Actually, Singapore would have been in the same boat as Japan if not for the artificial propping ups. Now, even Japan is trying to copy from Singapore - easing of FT/FWs and they recently sent a team to Singapore to understudy our casino system. It has its own drawbacks too and is not long term sustainable. I say, get back to basics, KISS. Imagine Japan with solid background and strengths in advanced manufacturing also on decline. Ours is like candles in the thunder storms... Why haven't you sold? Japan is in a irreversible decline. One day it will end up like taiwan. Not now, but in another 20-30 yrs time. Link to post Share on other sites More sharing options...
Mustank Hypersonic November 17, 2014 Share November 17, 2014 1dx here I cum!!!!!!! Link to post Share on other sites More sharing options...
Ender Hypersonic November 17, 2014 Share November 17, 2014 Good time to check things out at Rakuten.... Link to post Share on other sites More sharing options...
Kangadrool Supersonic November 17, 2014 Share November 17, 2014 not really cheap leh... I checked some JDM Seiko and their prices more ex than local sellers. Good time to check things out at Rakuten.... Link to post Share on other sites More sharing options...
Ender Hypersonic November 17, 2014 Share November 17, 2014 not really cheap leh... I checked some JDM Seiko and their prices more ex than local sellers. SARB033, around SGD $365, around $18 shipped, No GST, as under $400.. http://global.rakuten.com/en/store/premiumshop/item/sarb033/ Link to post Share on other sites More sharing options...
Lala81 Hypersonic November 17, 2014 Share November 17, 2014 Have switched funds. But, the damage was so great that it is of little help though new fund is making $$$. That's why after this lesson, no more ILP. Lol... Just buy term and invest rest (hoot into blue chips) and smelly smelly can also earn a bit with two eyes closed. Actually, Singapore would have been in the same boat as Japan if not for the artificial propping ups. Now, even Japan is trying to copy from Singapore - easing of FT/FWs and they recently sent a team to Singapore to understudy our casino system. It has its own drawbacks too and is not long term sustainable. I say, get back to basics, KISS. Imagine Japan with solid background and strengths in advanced manufacturing also on decline. Ours is like candles in the thunder storms... I stopped any funds long ago and stopped my wife's ILP recently. Just manage our own money. Good time to check things out at Rakuten.... rakuten anything good? never really bought anything from there before. Now got sg one right. ↡ Advertisement Link to post Share on other sites More sharing options...
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