Tokyo revises Q2 GDP downward

[dArKeR]

A Japanese woman walks past a destitute man sleeping in central Tokyo on Thursday. The number of unemployed people between the ages of 15 and 34 not trying to find work or receive education soared by 40,000 to 520,000 last year, according to a Japanese government report released yesterday. The Health, Labor and Welfare Ministry warned that this poses a ``worrisome problem'' in terms of both the maintenance of social order and the state of the Japanese economy.
PHOTO: EPA
http://www.taipeitimes.com/News/worldbiz/photo/2004/09/11/2003147835

Japan revised its economic growth numbers for the April-June quarter downward yesterday, but analysts shrugged off the report and said recovery was on solid footing for the world's second largest economy.

The Cabinet Office said Japan's GDP -- or the value of goods and services produced in a nation -- edged up just 0.3 percent in the three months ended June 30 from the previous quarter, weaker than the 0.4 percent growth rate it gave last month.

That translates to an annualized growth rate of 1.3 percent, down from 1.7 percent in the preliminary report.

http://www.taipeitimes.com/News/worldbiz/archives/2004/09/11/2003202518

Yes, we know. We get the same story from our lying Media Whore and Bush/GOP Whores. "The recovery is next quarter" going on 4 years now.

[My Pet Goat]

1. What the...?.

I thought they were well into their recovery. Thanks for the update.